Translated material
Russia began to earn less on oil
Russia began to receive less money from raw oil exports due to a global fall in energy prices. The income of the Russian budget from the sale of oil has fallen to a minimum since February. This is written by Bloomberg.
The price of the flagship Russian oil of the Urals brand is held at 60 dollars per barrel. This is exactly the indicator that was installed in December 2022 of the Big Seven countries for oil supplied from Russia. So, the average price for a barrel of oil from the ports of the Baltic basin at the end of last week did not exceed 60.12 dollars. The export prices of a barrel of oil in these ports decreased by about $ 6.30 per week, the Argus Media data.
Humanity no longer needs new oil and gas deposits of current projects until 2050. It was by this time that everyone planned to abandon fossil fuel society 6 minutes of reading
According to Bloomberg, Russia now earns about $ 1.51 billion per week in raw oil exports. Bloomberg calculated that the average income of Russia in four weeks of sales of crude oil fell to the lowest level from February 2024. For comparison: most of all Russia earned from oil in June 2022, that is, even before the introduction of the price ceiling. Then the country's weekly income from oil exports reached $ 2.17 billion.
At the same time, the volume of supplies of Russian oil is slight, but grew up. In the week from September 2 to 8, Russia loaded 21.99 million barrels of raw oil in 29 sea tankers. A week before, exports amounted to 21.67 million barrels, Bloomberg analysts calculated. However, this did not help Russia earn more for oil, since prices fell at the time of increase in export volumes.
Russia and China bring the “end of the era” of oil and gas brought the dominance of hydrocarbons will end by 2030 by the Society of 3 minutes of Reading
Türkiye remains the only market for near -scale supplies from the western ports of Russia. In this direction, Russia supplies about 210 thousand barrels per day. Basically, Russia supplies raw materials to Asia. For example, about 1.25 million barrels of raw oil per day loaded to tankers going to China. Russia supplies oil to China both directly and through Kazakhstan. Tankers that followed India, on average, transport 1.62 million barrels per day.
In early July, a completely different dynamics was observed . Reuters, citing the data of the Russian Ministry of Finance, wrote that financial revenues to the federal budget of Russia from oil and gas exports increased by 41%. The average price of Urals oil was 69.1 dollars per barrel. For the first half of 2024, Russia earned more than five and a half trillion rubles. This is due to the increase in oil and gas prices and the drop in the ruble.
In order not to miss the main materials of the "cold", subscribe to our social networks!
