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Russian oil production may decrease

Release time:

2025-04-30 10:22

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2024 Year 9 Month to 2025 Year 2 Month period, the output of oil products increased, but since 1 Month has been showing a negative trend. For example, since the beginning of this year, sunflower oil production has decreased by 15% 。Processors are waiting for a drop in sunflower prices, which will balance the results of this season in terms of profitability and output

OleoScope Analysts interviewed by Forbes pointed out that the Russian oil industry has been experiencing a profound crisis in recent months, mainly due to the decline in the economic attractiveness of sunflower seed processing.

According to 2024/2025 first half of the year ( 2024 Year 9 Month to 2025 Year 2 Month), the output of oil products increased to 1377 ten thousand tons, compared with 2023/2024 first half of the year +4% ). OleoScope told Forbes, 2024 year's oilseed harvest set a new record—over 3020 ten thousand tons, thanks to this growth.

This is 2024 year's last quarter of high oilseed processing rate,” said Mikhail Maltsev, executive director of the Oil and Gas Union Mikhail Maltsev said. However, according to him, 2025 Year 1 Month to 3 Month, sunflower oil production decreased by 7% ，especially sunflower oil—compared with the same period of 2024 year, the first quarter decreased by 15% 。“This is due to the negative profit margin of seed processing, 2 month fell to -23% ，” Maltsev continued. “ 3 Month, the situation improved slightly, but profitability remained in the negative zone—due to the continued gap between the purchase price of sunflower seeds and the export revenue of its by-products, the profit margin decreased 11%。”

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