IEA Cuts Russian Oil Output Forecasts After Ukraine Attacks

Hyperdash News07/10/2026 08:22 UTCCommodities

The International Energy Agency (IEA) has lowered its forecast for Russian oil production. This revision follows recent attacks in Ukraine. The IEA's updated outlook indicates a potential tightening of global oil supply.

This reduced forecast for Russian output could impact crude oil prices. The IEA's assessment suggests less oil entering the market than previously expected. On Hyperdash,

WTI Crude is up +0.39% and

Brent Crude 0.46% since the news.

Sources

Reuters

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