Russian oil exports hit 7.71 mln bpd in June as revenues slump 24% — IEA

Volume growth masks a sharp revenue contraction driven by lower prices, underscoring the pressure on Moscow's energy budget despite resilient export flows.

By Handelsavisen Newsroom · Automated 2026-07-10 09:03 UTC · 1 min read

Russian oil and petroleum product exports surged to 7.71 million barrels per day in June, marking a 5.33% increase from the previous month, according to new data from the International Energy Agency (IEA).

The volume rise indicates that Moscow continues to maintain robust physical supply chains despite ongoing geopolitical pressures and sanctions regimes.

7% year-on-year decline in oil and gas revenues for the first half of 2026.

However, the higher throughput did not translate into financial gains.

Export revenues fell sharply by nearly 24% to $15.84 billion, reflecting the impact of depressed global energy prices.

The divergence between volume and value highlights the structural challenge facing Russian energy exporters: maintaining market share through volume while contending with price caps and broader market softness.

This monthly data aligns with earlier reports from Russia’s Finance Ministry, which noted a 22.7% year-on-year decline in oil and gas revenues for the first half of 2026.