Lower oil prices and steeper discounts for Russian oil sent Russia’s oil revenues down in November despite the highest export volumes since April this year, the International Energy Agency (IEA) said on Wednesday. Last month, total oil exports out of Russia rose by 270,000 barrels per day (bpd) from October to 8.1 million bpd in November, pushed up by higher diesel exports, the IEA said in its closely-watched Oil Market Report for December. Russian diesel exports increased by 300,000 bpd to 1.1 million bpd in November, two months before the…
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