Russian oil export revenues surged by $1.8 bn to $18.8 bn in September, their highest since July 2022, International Energy Agency said in its Oil Market Report - October 2023 published today.
Pursuant to the report, total oil exports rose by 460 kb/d to 7.6 mb/d, with crude oil accounting for 250 kb/d of the increase.
"The weighted average crude export price rose by $8/bbl to $81.80/bbl, narrowing its discount to North Sea Dated to $12.20/bbl, its lowest since March 2022," the agency said.
