Russia’s revenues from oil and petroleum product exports in August 2025 fell by nearly $1 billion compared to July, Reuters reports, citing data from the International Energy Agency (IEA).
Source: PRYAMYI
Russia’s total revenue decreased by 6.4% to $13.51 billion. The largest drop was in petroleum product exports, which fell by 10.4% (to $4.76 billion). Oil sales brought Moscow $8.76 billion, 4.1% less than the previous month.
Physical shipment volumes also declined: oil deliveries dropped to 4.70 million barrels per day, and petroleum products to 2.57 million b/d. The largest decreases were recorded for India (minus 0.4 million b/d) and the Middle East (minus 0.2 million b/d). At the same time, exports to so-called “unspecified destinations” increased by 0.6 million b/d, which may indicate Russia’s use of a “shadow fleet” to circumvent sanctions.
According to the IEA, Russian oil production in August was 9.28 million b/d, in line with its OPEC+ quota. Despite the revenue decline, the agency forecasts Russian production to rise to 9.4 million b/d in the coming months.
Global oil demand in 2025 is expected to increase by 0.74 million b/d to 103.88 million b/d, and in 2026 it is projected to grow by another 0.7 million b/d. This indicates intensified competition in energy markets despite the fall in Russian export revenues.