Reported about 1 month ago
Russia's economy ministry has adjusted its forecast for 2024 oil and gas export revenues upward by $17.4 billion, totaling $239.7 billion, due to improved price expectations despite ongoing Western sanctions. The expected rise in crude oil exports to 239.9 million metric tons and an increase in the average price to $70 per barrel reflect the nation's ability to redirect trade towards China and India. Additionally, the outlook for 2025 has also been raised.
Source: YAHOO