Comment for "Vedomosti" on the increase in budget revenues from oil and gas. In 2024, the share of oil and gas revenues in Russia's budget is growing faster than anticipated. What is driving this increase, how will it impact the economy, and will the country be able to handle potential risks? Read more about this in our article. The share of oil and gas revenues ...

... Russia's natural gas production in the first seven months of 2024 increased by 10.6%, reaching 334 billion cubic meters, added the CEO of OPEN OIL MARKET. "The increase in revenue from the gas sector has become one of the reasons for the growth in oil and gas budget revenues, which rose by 56% in the first eight months of 2024—from 4.84 trillion to 7.56 trillion rubles. It is likely that the growth in MET and export duty revenues on gas will continue in the coming months, as gas transit through the Sudzha gas metering ...

Column by Sergey Tereshkin for INFOTEK. In the article "Budget Surplus: What Drove the Growth in Oil and Gas Revenues," Sergey Tereshkin analyzes the factors that contributed to the increase in Russia's oil and gas revenues. He highlights that rising oil prices and the weakening of the ruble have led to a significant boost in federal budget inflows. Tereshkin ...

... The financial indicators of gas stations in Russia vary significantly depending on their location and business model: revenue can differ by up to 50 times, and profitability can vary by a factor of two. The growth of non-fuel businesses contributes to revenue increases. The rising fiscal burden on the oil business in Russia, coupled with the government's efforts to limit fuel price increases, has made the profitability of gasoline and diesel retail sales increasingly dependent on the development of additional services by gas station owners, such as selling non-core products. Profit margins on petroleum products, which already vary widely based on location and business scale, can also fluctuate significantly throughout the year, swinging between positive and negative zones....

... helped bypass oil restrictions (notably, intermediaries in supplying Iranian oil). The UK also expanded its sanctions list, adding new legal entities related to Russian energy exports. These measures confirm the West’s intention to reduce Moscow's oil and gas revenues. Russia’s partners in Asia and other regions are responding differently. Many traditional raw material buyers continue to import but face pressure. For instance, India is publicly puzzled by US statements that purchases of Russian oil are financing ...