Russia’s crude and fuel export revenue slumped by $920 million in August compared to July, the International Energy Agency (IEA) estimates in its latest monthly report. The discounts of Russian crude grades widened last month amid the U.S. pressure on India for buying oil from Russia, while Russian refinery production slumped as Ukraine hit several processing facilities with drones. As a result, Russia’s crude and petroleum product export revenues plunged by $920 million from July to $13.51 billion in August, the IEA’s…
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