Russian oil exports drop to 6.97 mln bpd in July, revenues fall to $13.76 bln, IEA says

Business & Economy August 12, 14:31

Compared to July 2025, Russia's oil export revenues in July 2026 were lower by $720 million

MOSCOW, August 12. /TASS/. Russian exports of crude oil and petroleum products totaled 6.97 million barrels per day (bpd) in July 2026, down 630,000 bpd, or 8.3%, from the previous month, the International Energy Agency (IEA) said in its latest report.

Export revenues fell by nearly $2 billion, or 12.5%, to $13.76 billion. According to the report, Russian crude oil supplies dropped by 200,000 bpd in July, while petroleum product shipments decreased by 430,000 bpd. Crude export revenues for the month stood at $11.11 billion (down $1.11 billion from June), while petroleum product revenues reached $2.64 billion (down $860 million from June).

Furthermore, the IEA noted that the price of Russian Urals crude oil at the port of Primorsk (FOB) fell by $3.97 to $57.18 per barrel, which also drove down revenues. Compared to July of last year, Russia's oil export revenues in July 2026 were lower by $720 million.

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