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Russia’s Oil and Gas Revenues Set to Plunge by 35% in November
Market Intelligence Analysis
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Why This Matters
Russia's oil and gas revenues are expected to decline by 35% in November due to a drop in crude prices and a strengthened local currency, impacting the country's budget.
Market Impact
Market impact analysis based on bearish sentiment with 83% confidence.
Sentiment
Bearish
AI Confidence
83%
Article Context
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Russian oil and gas revenues are poised to slump by 35% this month from a year earlier as the price of Russia’s crude has plunged and the local currency strengthened. Russia’s budget is expected to receive $6.63 billion (520 Russian billion rubles) from oil and gas in November, a decline of 35% compared to the same month of 2024, Reuters calculations showed on Monday. Oil and gas revenues make up the single largest budget income item for the Russian Federation, which relies on these revenues for heavy spending on its war…
Original article published by
OilPrice.com
on November 24, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.