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Russia's oil and fuel export revenues continued to slide in October, IEA says
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Russia's oil and fuel export revenues continued to slide in October, IEA says
Nov 13, 2025 1:34 AM

*

Russian oil revenues fell to $13.1 billion in October

*

Oil and fuel exports dropped by 150,000 bpd to 7.4 million

bpd

*

Oil output steady at 9.28 mln bpd, slightly below OPEC+

target

*

US set November 21 deadline to wind down deals with

Rosneft,

Lukoil

MOSCOW, Nov 13 (Reuters) - Russia's revenues from crude

oil and refined products fell again in October due to lower

export volumes and weaker prices, the International Energy

Agency said on Thursday, adding that Russian oil exports have

been holding up so far.

Russia's vital energy industry is under strain from a pickup

in Ukrainian drone strikes on oil refineries and pipelines, as

well as Western sanctions over Ukraine.

Washington has piled pressure on Moscow by introducing

sanctions against Russia's largest oil producers, Rosneft

and Lukoil, last month, setting November 21

as the deadline for winding down transactions with the

companies.

The Paris-based IEA said Russia's revenues from crude and

fuel export sales fell to $13.1 billion in October, down $2.3

billion from the same month a year ago.

Russian crude and oil product exports fell by 150,000

barrels per day to 7.4 million bpd in October, reversing the

increase seen in September, it said.

IMPACT OF UKRAINIAN ATTACKS

"Recent Ukrainian attacks on refining and oil production

infrastructure contributed to the 110,000 barrels per day drop

in crude exports, to just above 5 million bpd," the IEA said in

a monthly report.

It said oil product exports also fell for the second

consecutive month, by 40,000, to 2.3 million bpd, reaching their

lowest level since 2017 and exacerbating tight international

product markets.

The agency said Russian oil production excluding gas

condensate was unchanged in October from September, at 9.28

million bpd, some 20,000 bpd lower than its target, outlined by

the OPEC+ group of leading global oil producers.

That compares with the 9.328 million bpd assessed by the

producer group OPEC.

"While Russian crude exports have largely held up ahead of

the 21 November deadline, recent data show that some of that oil

has begun to pile up on water as buyers shun cargoes amid

compliance issues and other uncertainties," the IEA said.

Kazakhstan crude supply dropped sharply by 240,000 bpd to

1.7 million bpd in October, largely due to maintenance at the

Tengiz field, the IEA said.

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