Russia’s Oil And Gas Revenues Drop In June

Oil and gas revenues for the Russian budget slumped to $5.8 billion (528.6 billion Russian rubles) in June, down by 26.4% from the same month last year, data from Russia’s Finance Ministry showed on Wednesday. Compared to May 2023, oil and gas budget revenues for Russia also dropped in June, by 7.4% from $6.3 billion (570.7 billion rubles) in the previous month, the data showed.  Earlier this week, the ministry said that the average price of Russia’s flagship Urals crude grade averaged $52.17 per barrel between January and June…