Russia's oil and gas revenues drop to 7-month low in August
Oil and gas revenues amounted to 5 trillion rubles for January–August 2026.
Consensus
- Russia's oil and gas revenues in August 2025 were the lowest since January 2026.
- The revenue in August was 424 billion rubles.
- There was a sharp increase in July to 934 billion rubles before the August decline.
- Oil and gas revenues for 2025 totaled approximately 8.5 trillion rubles.
- This is less than the 11.1 trillion rubles collected in 2024.
- The peak revenue was recorded in 2022 at around 11.6 trillion rubles.
- The decline is attributed to lower oil prices and damage to oil refineries.
Points of divergence
- The August revenue drop was caused by drone attacks on oil refineries, which led to the shutdown of at least 7 plants. — tg_moscowtimes_ru
- The Russian budget paid 304.6 billion rubles in subsidies to oil companies in August, including 197.3 billion via a buffer mechanism and 106.8 billion through reverse excise. — tg_moscowtimes_ru
- The average Urals oil price in August fell to $59.02 per barrel, down from $86 in June and $94 in May. — tg_moscowtimes_ru
- The oil and gas revenues for January–August 2026 were 5 trillion rubles, compared to nearly 6 trillion rubles for the same period in 2025. — thebell
- The 2026 budget is still based on projected oil and gas revenues of 8.92 trillion rubles. — thebell
Coverage (4 sources)
- In August, Russia's oil and gas revenues fell to the minimum for the year — Дождь
- In August, Russia's oil and gas revenues fell to the lowest level since the start of the year — Дождь (Telegram)
- Oil and gas revenues of the Russian budget fell to a seven-month minimum after strikes on refineries — The Moscow Times
- Russia's oil and gas revenues plummeted in August — The Bell