14 Dec, 23

Russia’s Oil Revenues Slump to the Lowest Level since July

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Russia’s oil revenues dropped in November to the lowest level since July as crude export prices dropped and volumes declined, the International Energy Agency (IEA) said on Thursday.   Russia’s export revenues for crude and oil products fell by 17% month-on-month in November to $15.2 billion—the lowest export revenues for Moscow since July this year, the agency said in its Oil Market Report for December. Revenues from crude exports fell by $2.4 billion month-on-month in November, while product export revenues dropped…

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