Widening discounts for Russian grades and lower international benchmark prices dragged Russia’s oil export revenues down to a six-month low in December, despite higher export volumes, the International Energy Agency (IEA) said on Thursday. All Russian oil exports, including crude and fuels, jumped by 500,000 barrels per day (bpd) to 7.
8 million bpd in the last month of 2023, compared to November, the IEA said in its Oil Market Report for January. This was the highest export level in nine months, with crude oil shipments jumping…Russia’s Oil Revenues Slump To Six-Month Low
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