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).

from War News Updates https://ift.tt/lTdZYbg
via IFTTT

Comments

US And Russian Chiefs Of Staff Discuss Ukraine In Rare Phone Call

U.S. Chairman of the Joint Chiefs of Staff Gen. Mark Milley (left) and his Russian counterpart Valery Gerasimov (file photo) The Hill: Milley speaks with Russian counterpart for first time since start of war Chairman of the Joint Chiefs of Staff Gen. Mark Milley spoke with his Russian counterpart on Thursday, the first such conversation between the two since the Kremlin’s invasion of Ukraine began in late February, according to the Pentagon. Milley spoke by phone with Valery Gerasimov, chief of the Russian general staff, and they “discussed several security-related issues of concern and agreed to keep the lines of communication open,” Joint Staff spokesperson Col. Dave Butler said in a readout of the conversation. The Pentagon did not provide further information on the conversation. Read more .... WNU Editor: So much for the reports last week that Chief of the General Staff of the Armed Forces of Russia Valery Gerasimov was fired by Putin last week .... Putin rumor

Is Putin's Inner Circle Already In Discussions On Who Is Going To Replace Him?

Russian President Vladimir Putin leads a meeting on economic issues in Moscow on Monday. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP) Daily Beast: Putin’s Own Men Are Already Discussing Who Will Replace Him Three months into Vladimir Putin’s bloody “special operation” in Ukraine, his own men in the Kremlin are reportedly discussing who will replace him. That’s according to new reporting by the independent news outlet Meduza, which cited several sources close to the Russian presidential administration who said officials are increasingly fed up with Putin personally. Some of Putin’s own allies within the Kremlin walls have reportedly floated the idea of Moscow Mayor Sergei Sobyanin becoming his successor, or former President Dmitry Medvedev, who is now the deputy chairman of the Security Council. Sergei Kirienko, the first deputy chief of staff of the presidential administration, was also said to have been discussed as a contender. Read more .... Update: Krem

China's shipyard CSSC launches 1st Pakistani Hangor class submarine PNS Hangor

According to information published by the Pakistani MoD on April 26, 2024, the Hangor class submarine PNS Hangor was launched by the Chinese shipyard CSSC. This submarine is a part of the Hangor-class, which itself is based on the Yuan-class Type 039B submarines provided by China. Read full news at this link Hangor class submarine PNS Hangor. (Picture source: Pakistani MoD) Read more from World Defence News https://ift.tt/dgQWhs7 via IFTTT

MTQ News

Search This Blog