Russian Oil and Gas Revenues Slumped by 17% in March

Russia's Oil and Gas Revenues Fall 17% Year-on-Year in March

Russia's budget revenues from oil and gas fell 17% year-over-year to 1.08 trillion rubles ($12.8 billion) in March, the Finance Ministry reported Thursday.

Russian Oil and Gas Revenues Slumped by 17% in March

Russian revenues from oil and gas plunged by 17% in March from a year earlier, according to data from Russia’s finance ministry. Oil and gas revenues for the Kremlin fell to $13.1 billion (1.1 trillion Russian rubles) last month, while revenues for the first quarter dipped by nearly 10% on the year to $31.4 billion (2.64 trillion rubles), the official Russian data showed. Much of the decline was likely attributable to the lower oil prices in Feb…

Russia’s Oil-Tax Revenue Slides as Prices and Output Decline

Russia reaped less money from oil taxes last month as production fell and global crude prices declined.

Russia's oil and gas revenues fell 17% in March to 1.1 trillion rubles (about $13 billion) compared with the same month last year, according to data published by the Finance Ministry on Thursday, Reuters reports.

Total oil revenues in March fell by 17% compared to the same period last year