Russia makes energy windfall

https://worldnewsera.com/news/russias-oil-revenue-soars-desp…

import volumes fell modestly in May, around 15% compared with the time before the invasion, as many countries and firms shunned Russian supplies. The reduction in demand and the discounted price for Russian oil cost the country approximately 200 million EUR per day in May. However, increase in fossil demand has created a windfall: Russia’s average export prices were an average 60% higher than last year, even if they were discounted from international prices.

PDF of full report here.

https://energyandcleanair.org/wp/wp-content/uploads/2022/06/…

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Qazulight

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