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A government draft forecast says Russia cut its 2026 oil output forecast to a 17-year low, citing the Russia-Ukraine war. It trims 2026 fuel export forecasts and sets finalisation at end-September for the budget.
A draft Russian government forecast seen by Reuters cuts this year’s oil output outlook to a 17-year low and revises fuel exports outlook for 2026 and 2027, citing the war with Ukraine.