US EditionRussia’s Oil and Gas Revenues Set to Plunge 50% to Five-Year Low
12 Articles
12 Articles
In December, Russian public sector oil and gas revenues as a result of lower crude oil prices and the strengthening of the ruble will be almost halved compared to last year, reporting Reuters with reference to their calculations.
Russia’s Oil and Gas Revenues Set to Plunge 50% to Five-Year Low
Falling oil prices and strengthening Russian currency are set to slash Russia’s oil and gas revenues by nearly 50% in December from a year earlier, to the lowest level since August 2020, according to Reuters calculations. Revenues for the state from oil and gas are set to reach $5.15 billion (410 billion Russian rubles) this month, nearly halved from December last year, and the lowest in over five years. The last time Russia had this roughly le…
It Hasn't Been Like This Since August 2020: Russia's Oil and Gas Revenues Fall to Their Lowest Level
Russia's budget revenues from oil and gas, which account for about a quarter of the state's total revenues, fell in December this year to their lowest level since August 2020, Reuters reports.
The Russian budget has suffered huge losses.
Russia's Oil and Gas Revenues Set to Slide 50% to a Five-Year Low: Drones and Sanction Enforcement Take Their Toll
In a stark indicator of mounting pressures on Russia’s energy sector, the country’s oil and gas revenues are projected to plummet by nearly 50% in December 2025, reaching a five-year low of approximately $5.15 billion. This sharp decline caps off a challenging year, with cumulative revenues for the first 11 months of 2025 estimated at $102 billion, marking a 22% drop from the previous year. For the full year, total oil and gas revenues are now f…
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