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Russia’s revenues from oil exports down $25 mln in October to $18.34 bln — IEA

Russia’s crude production amounted to 9.53 mln barrels per day in October

MOSCOW, November 14. /TASS/. Russia’s exports of oil and petroleum products went down by 70,000 barrels per day in October 2023 to 7.5 mln barrels per day, the International Energy Agency (IEA) said in a report.

Meanwhile, the country’s revenues from oil supplies to other countries decreased by $25 mln to $18.34 bln as lower international oil prices more than offset a narrowing discount for Russian grades versus North Sea Dated. That said, oil supplies went up in the reporting period compared with September, while deliveries of petroleum products decreased, according to the report.

Russia’s crude production amounted to 9.53 mln barrels per day in October compared to 9.5 mln barrels per day in September, the IEA noted.

The agency said earlier that Russia’s revenues from oil supplies to other countries in September soared to the highest level since July 2022, reaching $18.8 bln.