It was stated that Russia increased its oil exports from 7.14 million barrels in August to 7.6 million barrels per day in September, earning 18.8 billion dollars, the highest income since July 2022. report International Energy Agency (IEA).
According to the agency, revenues from oil exports increased by $1.5 billion and revenues from the supply of petroleum products increased by $0.3 billion, while overall revenues remained $2.6 billion below last year’s level. The growth in exports resulted from the increase in the supply of petroleum products by 220 thousand barrels per day and oil by 250 thousand barrels per day.
The total supply volume in September exceeded the September 2022 figure by 100 thousand barrels per day. China and India remain the main buyers of Russian oil. In particular, exports to China increased by 270 thousand barrels per day.
Since March, Russia has voluntarily reduced oil production by 500 thousand barrels per day until the end of 2024. In addition, since August, the country has reduced oil exports by 300 thousand barrels per day in September. At the same time, production in September increased by 10 thousand barrels compared to August and reached 9.48 million barrels per day.
Saudi Arabia recently promise Reduce oil production as necessary.
Previously, the IEA admitted that: supply A 65 percent discount can be made on natural gas going from Russia to the European Union.