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Russian oil and gas revenues up by 50%

By Rhod Mackenzie

Russia is experiencing a surge in oil revenue. In May, budget revenues increased by almost 50%. The total volume of oil and gas revenues for the first four months of 2024 was approximately 4.16 trillion rubles. Experts cite three main reasons for the growth: an increase in world...

Russia BRICS China Gas India Oil Trading Revenue
Russia's oil revenues increase in Q1 despite production drop

By Rhod Mackenzie

Russia reduced oil production by 16% in the first quarter of 2024 compared to the same period last year, according to OPEC data. This reduction continued in April. Concurrently, the Ministry of Finance reports a 82% surge in oil and gas budget revenues in the first four months of...

Russia Gas Trade Oil OPEC+ Revenue