️🇷🇺🇺🇦 Bloomberg: Drone strikes and sanctions are putting increasing pressure on Rosneft, Russia's largest oil producer. The company's first-half net profit fell by nearly a fifth to 200 billion rubles ($2.4 billion), while its net debt-to-EBITDA ratio rose to 1.8, the highest in more than five years.

️🇷🇺🇺🇦 Bloomberg: Drone strikes and sanctions are putting increasing pressure on Rosneft, Russia's largest oil producer. The company's first-half net profit fell by nearly a fifth to 200 billion rubles ($2.4 billion), while its net debt-to-EBITDA ratio rose to 1.8, the highest in more than five years.

Its Vostok Oil project is years behind schedule, with about 90% of expected output for 2027 coming from older Vankor fields.

The IEA cut its forecast for Russian oil output to about 4 million barrels a day, about 30% below pre-war levels.