Data from the International Energy Agency showed that Russia’s oil exports increased in November, ahead of the Group of Seven and Europe imposing a ceiling on Russian seaborne crude on December 5.
The Energy Agency stated that despite the increase in Moscow’s oil exports last November, its revenues declined by $700 million as a result of lower prices and discounts offered by it. Moscow on its oil.
The ministry indicated that Russia reaped regarding $15.8 billion from oil sales last month, while Russia’s exports of crude oil rose to 8.1 million barrels per day last month.
On the other hand, the International Energy Agency raised its estimate of oil demand in 2023 to an increase of 1.7 million to 101.6 million barrels per day.
Yesterday, the Organization of the Petroleum Exporting Countries (OPEC) said in its forecast for the year 2023 that the demand for oil will grow by 2.25 million barrels per day over the next year, to record 101.8 million barrels per day, with a possible increase from China.
