CommoditiesMedium•13 November 2026•
1 min read
Russian Oil Revenues Surge 65% in October as Production Rises
Key Facts
1Russian oil revenues surged by approximately 65% in October driven by the impacts of the Iran war.
2Russian crude oil production rose by 210,000 barrels a day to 8.73 million barrels a day in October.
Russian crude oil production rose by 210,000 barrels a day to reach 8.73 million barrels a day in October. The IEA reported that this increase in output supported the country's oil revenues, which saw significant growth during the period.
Russian oil revenues surged by approximately 65% in October driven by the impacts of the Iran war. According to Quartz, the revenue jump is attributed to a rebound in fuel exports and output following a diplomatic deal with the Donald Trump administration and market disruptions that shifted global supply dynamics.