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Russian oil export revenue falls to lowest level since invading Ukraine: IEA

On Dec 11, the International Energy Agency said November oil export revenues fell to their lowest level since Russia invaded Ukraine in 2022, totaling US$11 billion, US$3.6 billion below 2024.
Pressure from strikes and sanctions reduced Russia's Black Sea seaborne exports, as Ukrainian attacks slashed almost half in November and the United States sanctioned Rosneft and Lukoil in October.
Unplanned refinery outages in November left Russia's refined product markets tight, while the Russian Finance Ministry reported oil and gas revenues were down 2% in the first nine months to US$88 billion.
Domestic petrol price spikes prompted by Ukrainian strikes and refinery disruptions forced some Russian regions to ration fuel, while high military spending, entrenched inflation, and lower oil revenues have stretched the Russian budget.
The revenue drop risks widening Moscow's fiscal gap as it faces a US$50 billion deficit in 2025, around 3 per cent of gross domestic product, prompting tax rises in 2026.

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Live Mint

Center

Russian oil export sees steep fall in November amid US sanctions, revenue down by $3.6 billion YoY: IEA report

Russian oil exports last month by 420 kb/d (thousand barrels per day), the agency highlighted in its report.

23 hours ago·New Delhi, India

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Gulf News

Lean Right

Ukraine Hits Russian Caspian Oil Platform in Bold Drone Strike Expansion

Russian oil export revenue hit lowest level since invading Ukraine: IEA

1 day ago·Dubai, United Arab Emirates

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Kyiv Post

Lean Left

Russian Oil Export Revenues Tank for Third Consecutive Month

Ukraine’s intensified strikes and international sanctions have deepened pressure on Russia’s oil sector, driving export revenues to their lowest point since the invasion.

1 day ago·Kyiv, Ukraine

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Firstpost News

Center

Russia’s oil export revenues fall to lowest level since 2022: IEA

Russia's oil export revenues dropped in November to their lowest monthly level since Moscow invaded Ukraine in 2022, the International Energy Agency (IEA) said Thursday.

1 day ago·Mumbai, India

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EURACTIV

Lean Left

Russian oil export revenue hit lowest level since invading Ukraine

Both volumes and prices have fallen, "dragging export revenues to their lowest since Russia's invasion of Ukraine in February 2022," the International Energy Agency said.

1 day ago·Brussels, Belgium

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Reuters

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radiomoldova.md

Center

Russia's oil and fuel export revenues touch lowest level since Ukraine invasion, IEA says

Russia's revenues from exports of crude oil and refined products fell again in November due to lower export volumes and weaker prices, the International Energy Agency said on Thursday, touching their lowest level since its 2022 invasion of Ukraine.

1 day ago·United Kingdom

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