The International Energy Agency (IEA) reported on November 13, 2026 that Russia earned about $21.15 billion from crude oil and petroleum product exports in October - its highest monthly revenue since May 2026.
The increase is particularly significant because Russia earned much more money despite exporting less oil and oil products than a year earlier.
IEA data indicate that the price effect more than compensated for the decline in physical export volumes.
There is another interesting development: Russia's oil production in October increased by about 210,000 barrels per day to 8.73 million barrels per day.
The independent Center for Energy and Clean Air Research also reported that Russia's total revenue from fossil fuel exports reached its highest monthly level since December 2022, using a broader index that includes natural gas and coal.