Russian Oil Exports Rise to 7.71 Million bpd, Revenues Drop 24%
Published by WarSignal Editorial · Last updated
Russian oil exports climbed to 7.71 million barrels per day in June, according to the International Energy Agency, but revenue fell by nearly 24% to $15.84 billion.
The drop in revenue reflects lower market prices for Russian energy products, despite the higher export volume. The IEA data shows that Russia's oil export volume increased while the price per barrel declined, leading to a net revenue loss.
The figures come amid ongoing sanctions that have pressured Russian energy markets, contributing to the price slump.
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