EL7.AI
CommoditiesMedium•4 November 2026•
1 min read

Russia Oil Revenues Hit $10.6 Billion as Urals Price Surges to Record Highs

Key Facts

1Russia earned $10.6 billion from oil exports in the four weeks leading up to November 1.
2The Urals benchmark rose to $101.46 a barrel in October, an 89% increase year-on-year.

Russia earned $10.6 billion from oil exports in the four weeks leading up to November 1, 2026. Bloomberg reported that these revenues surged as export volumes rose despite a recovery in domestic refining activity. According to Ministry of Economic Development data cited by the Moscow Times, average crude prices reached a 12-year high last month, driven by regional geopolitical tensions.

The Russian Urals benchmark price rose to $101.46 a barrel in October 2026, marking a 10% increase from September and an 89% jump year-on-year. TVP World noted that this price level is the highest since 2014, helping revenues triple since the start of the year. These financial gains coincide with domestic data showing the Russian Manufacturing PMI at 49.9 on November 2, 2026, and the unemployment rate holding at 2.2% as of October 28, 2026.

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