Russia’s Crude Oil Export Revenues Hit Two-Year Low as Prices Dip ...Middle East

The value of Russian crude oil exports have sunk in May to the lowest level in over two years, data on shipments and Russian crude prices compiled by Bloomberg showed on Wednesday. The volume of Russian crude oil exports in the four weeks to May 25 barely changed from the previous four weeks to May 18, but the value of the shipments dropped to the lowest level since April 2023, according to the data reported by Bloomberg’s Julian Lee. In the four weeks to May 25, Russia exported on average 3.39 million barrels per day (bpd) of crude oil,…

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