Russia's Oil And Gas Revenues Triple Despite Sanctions

Business Insider: Russia is earning $20 billion per month in oil sales as higher crude prices lift export revenue 50%, says IEA

* Russia's oil export revenue has soared 50% this year, the International Energy Agency said.

* The Kremlin is earning close to $20 billion per month in 2022.

* Asia has boosted Russian crude purchases as global powers condemn the Kremlin's invasion of Ukraine.

Russian oil export revenue is up 50% since the start of 2022 with the Kremlin generating close to $20 billion per month in sales, according to the International Energy Agency.

Export volume has rebounded to levels seen before Russia invaded Ukraine, which triggered a wave of international sanctions and a spike in crude prices that's helped oil revenue.

In April, Russian oil exports climbed by 620,000 barrels per day from the prior month to 8.1 million, back to their January and February average, the IEA said. Increased demand from India and China offset declines from the US and Europe.

Read more ....

Update #1: Russia oil revenue up 50% despite sanctions, IEA says (Yahoo News)

Update #2: Russia Oil Revenue Up 50% This Year Despite Boycott, IEA Says (Bloomberg)

Update #3: Russia’s oil revenue soars despite sanctions – Bloomberg (RT)

WNU Editor: So much for the Western media narrative that Russia is suffering because of the Ukraine war and sanctions.

Update #4: Russia is not the only country enjoying booming oil prices .... Saudi oil giant Aramco's first-quarter profits surge 80% (AP). And here is an easy prediction. Global oil prices are going to continue to rise .... OPEC+ Misses Production Target By Whopping 2.7 Million Bpd (OilPrice.com). More here .... Oil Prices Surge Past $113 As Shanghai Signals End Of Lockdown (OilPrice.com).

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