Russia’s Oil Export Revenue Plunges to Near Two-Year Low

Significantly lower oil prices in April sent Russia’s oil export revenues down to the lowest level in nearly two years as the price of Russian grades fell alongside the benchmark international prices, which lost about $10 per barrel last month. Russia’s revenues from oil exports slumped to $13.2 billion in April, the lowest level since June 2023, according to data in the Oil Market Report by the International Energy Agency (IEA) published on Thursday. Russian crude prices averaged $55.64 per barrel in April with all major export grades…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com