Russia’s Oil Export Revenues Dip 14%

Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same month last year, the International Energy Agency (IEA) said in its monthly report published on Friday. The Kremlin received $13.57 billion from sales of crude and refined oil products last month, down by nearly 14% from a year earlier, according to the IEA’s estimates. The report also showed that Russian crude oil production remained broadly flat at almost 9.2 million barrels per day (bpd) for each of June and May. Russia’s…