Russia's Oil Exports Slightly Up in May, Revenues Decline Amid Lower Prices
Quick Look
Russia's crude oil and petroleum product exports reached 7.35 million barrels per day in May 2026, a 0.14% increase from April, despite a 3.26% revenue drop to $20.79 billion due to lower energy prices.
AI-generated summary
Why It Matters
The report highlights Russia's dependence on oil exports amid global price volatility.
MOSCOW, June 17. /TASS/. Russia's exports of crude oil and petroleum products totaled 7.35 mln barrels per day (bpd) in May 2026, up 0.14% from April, according to materials released by the International Energy Agency (IEA). Export revenues declined by 3.26% to $20.79 bln amid lower energy prices. Russian crude oil exports increased by 170,000 bpd in May, while exports of petroleum products fell by 150,000 bpd. Revenue from crude oil exports amounted to $14.56 billion in May, up $130 mln from April, while revenue from petroleum product exports totaled $6.23 bln, down $840 mln. Compared to May of last year, Russia's revenue from oil exports increased by $8.18 bln.
What to Watch
AI outlook — possibilities, not facts
Russian oil export revenues may continue to fluctuate based on global price trends.
Likely · Short term
Open Questions
- Future impact of sustained low prices on Russia's economy
