Russia's deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says

Russia's deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says

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An oil tanker. Suriyapong Thongsawang Russia's revenue from oil exports fell by $700 million in November, according to the IEA. Deep discounts and falling crude prices drove down revenue despite a jump in exports, it said. A G7 price cap on Russian crude will slash output and pressure global…

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