Russian oil export revenues surge over 20% in first half of 2021

In monetary terms, the country exported $47.63 billion worth of crude. However, the volume of oil exports totaled 88.2 million tons, marking a decline of nearly 12%. The drop is attributed to production cuts agreed upon by Russia with the Organization of the Petroleum Exporting Countries (OPEC).

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In June, Russian crude exports grew 11.5% compared to the previous month, reaching 22.65 million tons. In monetary terms, June’s month-over-month exports increased by 22.9%, to $10.9 billion.

Revenues from exports of liquified natural gas (LNG) from January to June 2021 fell by 15.9% to $3.301 billion against the same period a year ago. Meanwhile, physical volume of LNG exported in the indicated period saw a year-on-year growth of 7.3%, reaching 35.3 million cubic meters.

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Article source: https://www.rt.com/business/531517-russia-oil-exports-revenues-growth/?utm_source=rss&utm_medium=rss&utm_campaign=RSS