Russia’s Oil-Export Revenue at Six-Month Low as Price Falls
- Revenue down in Dec. even as exports reached 9-month high: IEA
- US Treasury investigation put pressure on the price of Urals
A efinery, operated by Rosneft Oil Co., in Tuapse, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia’s oil-export revenue in December dropped to a six-month low as declining crude prices offset the highest overseas flows since last spring, according to the International Energy Agency.
The top-three global oil producer earned $14.4 billion from foreign sales of its crude and oil products in December, down nearly 9% from the month before, the Paris-based agency said in its monthly oil report on Thursday.