Russia's Oil and Gas Revenues Face Significant September Decline ...Middle East

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Russias Oil and Gas Revenues Face Significant September Decline
Russia’s revenues from oil and gas are expected to plunge in September by 23% from a year earlier, as international crude prices have declined and the Russian currency has strengthened, calculations by Reuters showed on Thursday.  The decline is not good news for Russia, which is currently planning its 2026 budget and continues to spend heavily on the war in Ukraine.  Russia’s oil and gas sales are expected to bring the Kremlin $7.11 billion (592 billion rubles) this month, per the Reuters estimates based on production, refining,…

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