The collapse of oil prices in the world, a new wave of penalties and a powerful ruble that hurts the Russian economy.
All the largest oil companies in Russia announced the income collapse 2-3 times in the first half of 2025. On Saturday, August 30 wrote the Moscow Times with a reference to the company’s reports.
According to the publication, a collapse of oil prices, a new wave of penalties and a strong ruble struck the Russian economy in raw heart material.
Rosneft, who produces half of the Russian Federation oil, announced the downfall of income related to shareholders, three times – from 773 to 245
OPEC countries have actively increased the victim, which has collapsed in world prices, and in addition, “there is an expansion of discounts for Russian oil related to strengthening the restrictions of EU and USA penalties,” Rosneft President Igor Sechin explained.
Lukoil lost half of income: it costs 287 billion rubles against 590 billion a year before. Gazprom oil revenue reduced by 54%, up to 150 billion tatneft – it collapsed almost three times, up to 54.2 billion rubles, Rusneft by 3.2 times, up to 11.8 billion.
Surgutneftegaz has become unprofitable: minus 452.7 billion rubles in six months.
Generally, the oil and gas industry, where each fourth budget ruble and almost 20% of the national GDP depend, lost 50.4% of salted income, following Rosstat. At the same time, 45% of companies completed half a year with a loss of 749.5 billion rubles.
“The results of the oil and gas sector remain under the pressure of a strong ruble and low oil prices,” the analysts wrote the figure broker. The Urals Barrel, which at the beginning of the year costs about $ 70, fell on May 52.1 to May, and in June it costs $ 59.8. Its ruble price at 6 months fell by almost 30%.
In addition, due to the threat of a second penalty, oil workers’ relationships with major customers have been proven, Experts of the Gaidar Institute Note: for example, exported to China for the first half of the year fell 11% in physical volume, and in money – by 24%.
Earlier it was reported that simple Russian refineries reached a historical record and cost 23%.
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.