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Russia's Oil Revenue Sinks As Urals Falls To $59
Russia's Oil Revenue Sinks As Urals Falls To $59
Submitted by Julianne Geiger of OilPrice.com
Russia collected 326.2 billion rubles, or about $3.76 billion, in net oil revenue in August, down 22% from a year earlier and the lowest monthly total since February.
Russia’s tax authority calculated August oil revenues using a crude price of just over $59 per barrel. Urals, Russia’s main export grade, averaged almost $95 per barrel during the spring after the Iran war pushed buyers toward barrels outside the Persian Gulf.
Total Russian oil and gas revenue fell 16%...
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Aug 8, 2026 / Tyler Durden
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Authored by Adam H. Douglas via The Epoch Times,
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