Russia’s oil export revenues declined by $25 million to $18.34 billion in October amid lower international oil prices, the International Energy Agency (IEA) said on Tuesday. The lower benchmark crude prices more than offset a shrinking discount for Russia’s crude grades versus North Sea Dated, the agency said in its latest Oil Market Report published today. In volumes, total Russian oil exports dropped by 70,000 barrels per day (bpd) in October compared to September, and averaged 7.5 million bpd last month, due to lower refined…
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