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Russia Increases 2024 Oil, Gas Export Forecasts

Russia boosts 2024 oil, gas export revenue forecast by $17.4B, indicating resilience to Western sanctions.

by Mark Eisenberg
Sat, Sep 7, 2024 5:45am
in Economy
• 2 mins read
14.1k
Russia Increases 2024 Oil, Gas Export Forecasts | FinOracle

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Russia Boosts Oil and Gas Export Forecast for 2024

Russia's Economy Ministry has revised its 2024 forecast for oil and gas export revenues, increasing it by a significant $17.4 billion. This adjustment brings the new projection to $239.7 billion, as per a document revealing these updates. The revisions are based on a more favorable outlook for oil prices, highlighting the ongoing resilience of Russia's economy despite Western sanctions aimed at curbing its financial capacity.

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