Russia’s oil export revenues in July rose 7% ($0.9 bln) compared to June, reaching $14.3 bln, though they were $2.1 bln lower than in the same month of 2024, according to International Energy Association (IEA) calculations, as per Interfax.

The revenue growth was driven by higher prices and one additional day in July compared to June.Physical export volumes in July increased 1.4% month-on-month to 7.3 million barrels per day, matching the export volume from a year earlier.Crude oil shipments remained nearly unchanged in July (up by 20,000 bpd versus June), totaling 4.6 million bpd (80,000 bpd higher than a year ago), while petroleum product exports grew 2% to 2.6 million bpd (80,000 bpd lower than a year ago).
Source: Reuters