Russia Earns Less Amid Falling Oil Flows in September, IEA Says

Russia’s oil-export revenue shrank to $15.3 billion in September, the lowest so far this year, amid falling crude exports and prices, according to the International Energy Agency.

That’s a drop of $3.2 billion, or 17.3% from a month earlier, the IEA said in its monthly Oil Market Report. A drop in crude exports of 260,000 barrels a day contributed to the steepest decline in Russia’s revenue this year, the agency estimated.