Loading...
Market
Russia's oil and gas revenue in December 2024
3
Resolution / Starting Odds
Below 700 billion rubles • 33%
700-800 billion rubles • 34%
Above 800 billion rubles • 33%
Reports from the Russian Finance Ministry
Story
Russia's Oil and Gas Revenue Rises 41% to 746.6 Billion Rubles in June 2024
Jul 3, 2024, 09:36 AM
Russia's oil and gas revenue saw a significant increase in June 2024, with budget proceeds rising to 746.6 billion rubles from 793.7 billion rubles in May, according to the Finance Ministry. Oil-related taxes jumped to 590.6 billion rubles ($6.7 billion) in June, compared to 402.8 billion rubles a year ago. This represents a 41% year-on-year increase in oil and gas budget revenue, reaching $8.5 billion. The rise in revenue is attributed to higher Urals prices. Additionally, Sovcomflot, a Russian shipping company, has 100 unsanctioned oil tankers that account for 13% of Russia's seaborne oil exports. Fifteen of these ships make up 60% of the activity in June 2024. There are calls for these ships to be sanctioned to curb Russia's energy windfall, as highlighted in a recent BrookingsInst blog.
View original story
Similar markets
Below 9.0 million b/d • 25%
Between 9.0 and 9.1 million b/d • 25%
Between 9.1 and 9.2 million b/d • 25%
Above 9.2 million b/d • 25%
Above 3 billion euros • 50%
Below 3 billion euros • 50%
Significantly Decreased • 33%
Moderately Decreased • 33%
No Significant Change • 33%
Fully Operational • 25%
Partially Operational • 25%
Non-operational • 25%
Rebuilt with Delays • 25%
Significant decrease (over 20%) • 25%
Moderate decrease (10-20%) • 25%
Slight decrease (under 10%) • 25%
No significant change • 25%
