Five-year low: Russia’s oil export revenues collapse by almost $1 billion
Фото: Reuters
Russia’s revenues from oil and petroleum product exports fell sharply by almost $1 billion in August 2025 compared to July. Experts attribute the decline to both falling prices and a reduction in physical supply volumes.
This is reported by Reuters .
According to the International Energy Agency (IEA), Russia’s total revenue from oil and petroleum product exports decreased by $0.92 billion, or 6.4% , to $13.51 billion.
In particular, revenues from oil sales decreased by $0.37 billion to $8.76 billion, a 4.1% drop. Revenue from petroleum product exports fell even more significantly, by $0.55 billion to $4.76 billion, or 10.4%.
At the same time, there was a decrease in physical shipments. Oil supplies decreased by 0.03 million barrels per day, to 4.70 million b/d, while exports of petroleum products decreased by 0.04 million b/d, to 2.57 million b/d.
The largest decrease was to India, which reduced imports by 0.4 million barrels per day. Supplies to the Middle East fell by 0.2 million barrels per day. At the same time, exports to “unspecified destinations” increased by 0.6 million barrels per day, which may indicate Russia’s use of a “shadow fleet” to circumvent sanctions.
According to IEA estimates, Russian oil production in August was 9.28 million barrels per day, slightly less than in July (9.31 million b/d). At the same time, Russia’s quota within OPEC+ in August was 9.26 million b/d, taking into account the need to compensate for previous excesses.
Despite the reduction, the agency predicts that Russia could increase production to 9.4 million b/d over the next three months and maintain this level in the long term.
The report added that global oil demand in 2025, according to IEA forecasts, will increase by 0.74 million barrels per day and reach 103.88 million b/d.
In 2026, demand will increase by another 0.7 million b/d to 104.57 million b/d. This means that, despite the decline in Russian revenues, the market remains on the rise, and competition for key markets will only intensify .
Previously, European states promised Washington to finally abandon imports of Russian energy resources by the beginning of 2027.
As a reminder, the US is calling on the European Union to impose tough 100% tariffs on trade with China and India to increase economic pressure on Russia and force it to make peace. In response, America is ready to take similar measures and join a joint sanctions campaign.
As reported, US President Donald Trump sees “no reason” for economic isolation of Russia, except for the continuation of the war against Ukraine.
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