Falling crude oil prices and declining oil exports resulted in a $3.2-billion drop in Russia’s oil revenues to $15.3 billion for September, the lowest monthly oil export revenue for Moscow this year, the International Energy Agency (IEA) said on Thursday. Total crude oil and oil product exports out of Russia fell by 230,000 barrels per day (bpd) to 7.5 million bpd in September, the IEA said in its Oil Market Report out today. The September oil export level was 560,000 bpd lower compared to Russia’s oil exports before the…
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