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2026-09-30 Economy
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Bloomberg: Russia has received record oil revenue since the beginning of the Cold War.
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Direct Translation via Google Translate. Edited
[Regnum] The value of Russian oil exported from September 21 to 27 reached $2.75 billion amid rising supply volumes and crude prices. Bloomberg reported this on September 29.
"Russia shipped a record volume of oil in a month and a half, and the price jump brought the cost of these cargoes close to the highest level since the start of the conflict in Ukraine in 2022," the article states.
The four-week average prices of Russia's main Urals and ESPO crude oil grades rose to their highest level in more than three months. However, over the past week, the price of Urals crude oil has fallen, following global oil prices. Bloomberg also notes that the effect of increased oil supplies and their prices is partially offset by restrictions on diesel exports and reduced supplies of Russian petroleum products.
On September 15, the Wall Street Journal reported that the global fuel crisis warned about by American oil executives had already arrived. According to the journal, commercial fuel reserves in countries have been depleted for more than six months, and the capacity for further use of strategic petroleum reserves is nearly exhausted.
The latest escalation in the Middle East began with the US resumption of military operations against Iran on July 10. A few days later, Washington announced a complete naval blockade of Iranian ports and launched a series of strikes against Iranian targets. In response to the US actions, Iranian forces again began striking American bases in the region.
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Posted by badanov 2026-09-30 00:00||
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