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Russia boosts oil export revenues by $2.5 bln in July to $15.3 bln — IEA

It is reported that the estimated export revenue was pushed by high oil prices, combined with a falling discount on Russian grades

MOSCOW, August 11. /TASS/. Russia maintained its oil and oil product exports at 7.3 mln barrels per day in July, while export profits grew by $2.5 bln to $15.3 bln, which is the highest level since last November, according to the International Energy Agency (IEA).

At the same time, China and India received 80% of Russian oil shipments in July.

High oil prices, combined with a falling discount on Russian grades, pushed estimated export revenue up by $2.5 bln to $15.3 bln, which is $4.1 bln below the level of July last year, the IEA said.

At the same time, oil shipments declined by 200,000 barrels per day in July to 4.6 mln barrels, the lowest level since December last year. However, this was countered by the similar increase in oil product supply to 2.7 mln barrels per day, according to the agency.

According to the IEA, oil output in Russia fell by 50,000 barrels per day in July to 9.4 mln barrels per day, owing to a decline in exports and an increase in refining, which means that Moscow has more than fulfilled its voluntary output cuts of 500,000 barrels per day, the report said.

It was reported earlier that Russia was planning to voluntarily reduce oil supplies to world markets by 500,000 barrels per day in August by cutting exports. This reduction will be in addition to the already announced commitments to reduce production by 500,000 barrels per day.

Russian Deputy Prime Minister Alexander Novak explained that the measure to reduce oil supplies was taken as part of efforts to ensure balance on the oil market. Novak also stressed that Russian oil companies will decide on their own whether to reduce production or exports, but in general, Russia's task is to reduce oil supplies to global markets by 500,000 bpd. Energy Minister Nikolay Shulginov told TASS that Russia already in July had begun to reduce the volume of oil exports as part of voluntary commitments and intends to fulfill them in full in August.

In March, Russia began to voluntarily cut oil production by 500,000 barrels per day from the February average. The validity period of this reduction was extended several times - first until June inclusive, then until the end of 2023. After the OPEC+ meeting, which took place on June 4 in Vienna, the decision to voluntarily reduce production was extended until the end of 2024.

Anti-Russian sanctions

US sanctions against Gazprombank leading to energy price growth in Europe — investor

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Serbian film director Kusturica announces plans to get Russian citizenship

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Top stories from the Russian press on Monday, November 25th

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Russian national Nikita Zhuravel sentenced to 14 years in prison for high treason

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Russia to develop bilateral cooperation with Afghanistan — Shoigu

He pointed out that to this end, Russia will continue to support Kabul's integration into regional structures and associations

EU Commissioner for Justice calls on members states to step up assistance to Ukraine

Didier Reynders stressed that EU countries provided Ukraine with 45.5 billion euros for military needs and supplied "a wide variety of arms" from their stockpiles, including F-16 aircraft

France, UK may deploy troops to Ukraine following ceasefire — expert

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UK ambassador to Russia gets note of protest over false info on embassy’s officer

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Dmitry Peskov noted that this is an absolutely irresponsible line of reasoning from those with a poor grasp of reality

Syrian defense ministry confirms Israeli attack on facilities in Homs governorate

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Additionally, Ukraine "does not have enough weapons, munitions or hardware," the news outlet said

London intensifies anti-Russian campaign in face of impending ‘Ukrainian project’ failure

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NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

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Russia rejects Korean scenario for freezing Ukraine conflict — foreign intel chief

Sergey Naryshkin recalled that the only way to ensure peace is to eliminate the root causes that triggered the Ukrainian conflict

NATO disregards all etiquette in discussing possible preemptive strikes on Russia — Lavrov

NATO Military Committee Chairman Rob Bauer earlier called for producing more weapons for precision strikes inside Russia in case a conflict broke out

Retreating Ukrainian troops leave dozens of bodies behind in Chasov Yar

According to the sources, some of these makeshift morgues were destroyed by retreating Ukrainian troops

US gives Ukrainian servicemen guidance on selecting targets for ATACMS — White House

The Ukrainian servicemen "are able to use ATACMS to defend themselves on an immediate need basis," National Security Council spokesman John Kirby said

British mercenary claims he was sent to Russia’s Kursk Region against his will

The captive explained that he had served as a private in a battalion for four months

Press review: Israel approves US ceasefire agreement and Georgia's new parliament convenes

Top stories from the Russian press on Tuesday, November 26th

Talk of halting Ukraine conflict related to Russia’s initiative on battlefield — SVR

Sergey Naryshkin added that the Western capitals "stopped thinking about strategically defeating Russia and shifted to thinking about how to avoid such a defeat themselves"

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West wants to use Kalinousky Regiment to destabilize Belarus — Russian intelligence chief

Sergey Naryshkin pointed out that now this nationalist group was fighting together with the Ukrainian army along with the Russian Volunteer Corps (recognized in Russia as a terrorist organization) and the Georgian Legion (the paramilitary group Georgian National Legion is blacklisted as terrorist and banned in Russia)

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The Russian foreign minister noted that American companies had already bought up most of the fertile land

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Russia’s Medvedev warns Europe could face 'catastrophic damage' from Oreshnik missile

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Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

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"Our forces continue their coordinated efforts to liberate the Kharkov Region from the enemy," Vitaly Ganchev said

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The new round of US sanctions has become the most notable lately "but generally not critical for the Russian financial system, which has already passed through much worse time," Kyle Shostak said

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Erik Prince noted that it was necessary to end the Ukrainian conflict as soon as possible

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Russian Ambassador to the Netherlands, Permanent Representative to the OPCW Vladimir Tarabrin noted that the current situation regarding the participation in the Executive council "is clear evidence of the crisis that the Organization has fallen into"

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According to the sources, this is driven by the fact that Washington may scale back support for Ukraine after Donald Trump returns to office as US president on January 20, 2025

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Dmitry Peskov’s statement comes in the wake of US National Security Council Spokesman John Kirby who said earlier that the American administration had provided the Ukrainian armed forces with instructions on selecting targets for strikes using American ATACMS tactical ballistic missiles

Ukraine supplies terrorists in Mali with white phosphorus munitions — website

The news portal pointed out that its source was an anti-government militiaman captured in the southern part of the country by the national armed forces

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"The sooner Western capitals realize [the need to accept] the Russian president’s conditions for a peace agreement and talks, the better it will be for Ukraine, Europe and Russia, too," Sergey Naryshkin noted

British military instructor captured, Ukrainian losses: situation in Kursk Region

In total, the enemy has lost more than 35,510 troops since the fighting began in the region

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According to the survey, 27% of respondents would vote for Valery Zaluzhny, while only 16% said they would stick with Vladimir Zelensky

Turkey to investigate causes of Russian Superjet emergency at Antalya airport

The Turkish side will also provide information on the progress of the investigation

'Western vector' leaves Ukraine poorest country in Europe — politician

Ukrainians have never seen the promised freedom, Viktor Medvedchuk noted

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According to the Pentagon, these missile air defense systems could help revealing certain specifications of jet fighters and thus negatively affect their combat capabilities

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Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Ukraine requests UN Security Council meeting on November 27 — Russian mission

According to Dmitry Polyansky, "the Kiev regime keeps fighting windmills and does not abandon attempts to persuade the world community this struggle is very serious"

Majority of Americans oppose further military support for Ukraine, poll shows

The poll, conducted on November 19-22, involved over 2,200 Americans

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Russian forces entrap Ukrainian troops near Svatovo in LPR — military expert

Ill-thought-out command and control of Ukrainian troops has demoralized enemy forces and increased the number of desertions among its personnel in that frontline area, Andrey Marochko said

Kremlin confident Putin’s warning about strikes inside Russia was well heard in West

According to Dmitry Peskov, the position of the Russian Federation was outlined quite clearly by President Vladimir Putin

Public tribunal releases more testimonies exposing Kiev forces' atrocities in Selidovo

According to the report, Ukrainian forces are known to have killed at least a hundred civilians

Moscow to respond promptly if London inflates British diplomat’s expulsion issue

British Ambassador to Moscow Nigel Casey was summoned earlier in the day by the Russian Foreign Ministry, where he was handed a note of protest

No existing missile defense system can counter Oreshnik — US expert

Theodore Postol also vehemently rejected suggestions that the Oreshnik system represents previous outdated developments of Moscow

Over 2,500 people cross into Syria from Lebanon in past day — Russian military

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Putin has high hopes for cancer vaccine being developed in Russia

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Russian forces pound Ukrainian military airfields, energy sites over day — top brass

It is specified that the Ukrainian army’s losses in the area of responsibility of Russia’s Battlegroup North in the Kharkov Region over the past 24 hours amounted to 30 personnel, two armored combat vehicles and four motor vehicles

India to buy 77,000 tons of coal in Mongolia — Reuters

Coal is expected to be transported via the territory of Russia

Austria ready to host Ukraine talks — chancellor

According to reports, US president-elect Donald Trump mentioned Nehammer's meeting with Russian President Vladimir Putin, which took place shortly after the start of the special military operation in Ukraine

Past year was deadliest for humanitarian workers in Gaza — Russia’s UN envoy

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France, UK will have to pay for their helping Ukraine strike inside Russia — diplomat

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Iran ready to escort foreign ships in Red Sea — navy commander

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US base in Syria’s Dei ez-Zor governorate comes under missile attack — TV

No further details were provided

Ukraine is a failed state, Russian foreign intelligence chief says

Sergey Naryshkin stressed that Moldova is "following in its footsteps"

Defense contractor delivers new batch of Su-34 bombers to Russia’s Aerospace Forces

The new fighter-bombers have undergone necessary testing and have been sent to the places of their operation, Vadim Badekha noted

UK delivered dozens of Storm Shadow missiles to Kiev weeks ago — news agency

Bloomberg pointed out that the missiles were sent before the US and UK authorization to use long-range precision-guided weapons to launch strikes from Ukrainian territory deep into Russia

UK Foreign Office warns about response to ‘baseless’ expulsion of its diplomat

A spokesman for the UK Prime Minister Keir Starmer also said that London refutes the allegations against a British diplomat

Ukraine abandons Selidovo, laying mines in wells — security services

The Ukrainian armed forces used various modified Western-made mines and improvised explosive devices during the process

NATO pledges to continue supporting Ukraine following Russia’s launch of Oreshnik missile

NATO said in the statement that Russia’s deployment of the missile called the Oreshnik will not change the course of the conflict

Lithuania open to sending European troops to Ukraine — foreign minister

"It may become necessary for European soldiers to be deployed on Ukrainian soil, and Lithuania is always ready to consider such options," Gabrielius Landsbergis stated

Ukraine launches second strike on Novaya Kakhovka after emergency services arrive

According to Governor Vladimir Saldo, two vehicles have been damaged

Netanyahu plans to submit plan for Lebanon ceasefire to war cabinet

The duration of a potential ceasefire will depend on how events will unfold, the Israeli Prime Minister said

Ukrainian forces indiscriminately shoot Selidovo passers-by — Russian envoy

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Launch of Oreshnik caused no negative reaction from Central Asia — Russian MFA

Alexander Sternik noted that Moscow was closely watching how relations among NATO, the European Union and the states directly adjacent to Russian territory were developing

Kremlin spokesman advises those fearing nuclear escalation to review Russia’s doctrine

"You should listen to President Putin’s statements attentively and carefully assess the actions by the authorities of this or that country of the collective West that is directly involved in these conflicts," Dmitry Peskov stressed

Russia, Saudi Arabia and Iraq discuss oil market, compensations

Participants in the meeting highlighted importance of keeping stability and balance in global oil markets

North Korea dismantles power lines in Kaesong on border with South Korea

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Biden team may escalate global tensions to highest level, FSB chief warns

According to Alexander Bortnikov, the United States, the United Kingdom, and their allies will continue trying "to blatantly interfere in allied relations within the CIS, hinder integration processes, and undermine our joint efforts to ensure security and stability across the Commonwealth"