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Updated · Energy Intelligence · Jun 3Russia's May Oil and Gas Revenues Jump 32% to $9.4 Billion as Crude Prices Rise
2 articles · Updated · Energy Intelligence · Jun 3Summary
- 678.9 billion rubles ($9.4 billion) flowed into Russia's oil and gas coffers in May, up more than 32% from a year earlier.
- Higher global crude prices drove the gain, lifting the value of Russia's energy sales.
- The price support came from the Middle East war, which pushed oil markets higher and boosted export-linked revenue.
- The jump underscores how geopolitical supply fears can quickly strengthen Russia's fiscal intake from energy.
Insights
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