Russia

Russian oil exports rise to 7.71 mln bpd in June, revenues fall to $15.84 bln — IEA

TASS English · 2026-07-10

AI SUMMARY

• What happened: Russian oil exports increased to 7.71 million barrels per day (bpd) in June 2026, a rise of 5.33% from May, while export revenues fell by nearly 24% to $15.84 billion due to lower prices. • Why it matters: The increase in export volume marks the highest level since February 2022, but the significant drop in revenue highlights the impact of declining oil prices on Russia's economy. • What to watch next: Analysts will monitor future oil price trends and their effects on Russian export revenues, as well as any geopolitical developments that may influence the global oil market.

Russian oil exports rise to 7.71 mln bpd in June, revenues fall to $15.84 bln — IEA Meanwhile, export revenues fell by almost 24% to $15.84 billion amid lower prices for Russian energy productsMOSCOW, July 10. /TASS/. Russian oil and petroleum product exports in June 2026 totaled 7.71 million barrels per day (bpd), up 5.33% from May, according to data from the International Energy Agency (IEA). Meanwhile, export revenues fell by almost 24% to $15.84 billion amid lower prices for Russian energy products. Russian oil exports increased by 620,000 bpd in June, while petroleum product shipments fell by 230,000 bpd. According to the IEA, Russian crude oil exports in June 2026 hit their highest level since February 2022. In June, revenues from oil exports amounted to $12.23 billion (down $2.44 billion from May), while those from petroleum product exports stood at $3.61 billion (down $2.53 billion). Furthermore, the price of Russian Urals FOB Primorsk crude oil fell to $61.15 per barrel, driving the decline in revenues. Compared to June last year, Russia's oil export revenues in June 2026 were $2.53 billion higher. 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Source: TASS English
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