MOSCOW, December 14. /TASS/. Russia slashed oil and petroleum products exports in November 2023 by 200,000 barrels a day, the International Energy Agency (IEA) said.

Russian revenues from oil deliveries overseas plunged by 17% month on month in November to $15.2 bln amid the drop in global prices, IEA informed.

The decline in export revenues occurred due to the price drop for Russian oil in November. According to IEA, prices of the Russian export oil blend Urals fell below the price cap of Western prices set at $60 per barrel.

The Agency predicts that oil demand will reach 101.7 mln barrels per day in this year. At the same time, IEA lowered the forecast for the fourth quarter of 2023 amid the revision of macroeconomic outlooks.