Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in South Lebanon: One martyr reported in Israeli drone strike targeting motorcycle in Ain Qana.
Israeli media: Sirens sound in Nahal Oz settlement in Gaza Envelope.
Syria: Local sources report that General Security forces targeted the camp of French fighters from the 'al-Ghuraba division' in the Idlib countryside with mortar and tank shells.
Syria: Local sources report a general military mobilization of foreign fighters in Idlib following armed clashes in the “French Camp” in the Idlib countryside.
Syria: Local sources report that International Coalition forces carried out an airdrop operation on a house in the village of al-Kassar, eastern countryside of Deir Ezzor.
Local sources: 3 killed, 7 injured in attack on transport bus in Idlib countryside, Syria
The 'French faction' in Idlib announces that Syrian security forces are preparing to attack its camp amid accusations that it is collaborating with ISIS.
Palestinian media: Israeli occupation forces storm the Old City in the center of Nablus, occupied West Bank
Local sources to Al Mayadeen: Sudanese army forces drones strike town of Kabkabiya, North Darfur.
Syrian Observatory: The plane is loaded with air defense systems and heavy weapons as part of US troop reinforcements to its bases in northeastern Syria

Russia's oil exports soared to record high in March since 2020: IEA

  • By Al Mayadeen English
  • Source: International Energy Agency
  • 14 Apr 2023 17:17
2 Min Read

Although Russia's oil-based revenues rebounded by $1 billion to a total of $12.7 billion, earnings were still below 43% compared to a year ago. 

  • x
  • The Romashkinskoye oil field operated by Tatneft in Tatarstan, Russia. (AP)
    The Romashkinskoye oil field is operated by Tatneft in Tatarstan, Russia. (AP)

Russian oil exports have hit their highest in March since April 2020, as per a recent report published on Friday by the International Energy Agency (IEA). 

This is owed to an increase in oil exports of about 600,000 barrels per day month-on-month, including 450,000 barrels per day in oil products, the report states. 

"Russian oil exports in March soared to the highest since April 2020 thanks to surging product flows that returned to levels last seen before Russia [waged a special military operation in] Ukraine. Total oil shipments rose by 0.6 mb/d to 8.1 mb/d, with products climbing 450 kb/d m-o-m to 3.1 mb/d. Estimated oil export revenues rebounded by $1 billion to $12.7 billion but were 43% lower than a year ago," the report read.

Although Russia's oil-based revenues rebounded by $1 billion to a total of $12.7 billion, earnings were still below 43% compared to a year ago. 

China and India were reported to be the biggest customers with 90% of Russian crude purchased. 

Related News

India denies Trump’s claim that Modi agreed to halt Russian oil buys

Japan, India face US pressure to cut Russian energy ties

Read more: Disregarding Russian oil supply 'would be a sin': QazaqGas

Exports to sanctions-defiant Turkey are likewise reported to have reached their highest since 2018. 

In December of last year, the EU agreed to impose an embargo on exports of Russian seaborne oil, including a $60 price cap for worldwide exports which was agreed upon with the G7. 

In February this year, the EU implemented a ban on Russian petroleum products and agreed with the G7 on price caps of $100 per barrel for more expensive products such as diesel and $45 on lower quality products such as fuel oil.

In retaliation to the price cap, President Vladimir Putin signed a decree on February 1 to ban the sales of crude oil to countries abiding by the Western-led price cap on Russian oil.

Russia also slashed its production by 500,000 bpd and shocked the energy markets by agreeing with  OPEC+ allies to announce cuts earlier this month. 

Read more: G7 opposes lowering price of Russian crude oil from $60: WSJ

  • Russian oil
  • oil exports
  • International Energy Agency

Most Read

Yemeni Armed Forces Chief of Staff Major General Mohammad Abd al-Karim al-Ghamari , during a ceremony in an undisclosed locations in Yemen, undate (Yemeni Military Media)

Yemeni Armed Forces mourn martyred Chief of Staff al-Ghamari

  • Politics
  • 16 Oct 2025
How an Israeli-backed firm spied on US churches to push propaganda

How an Israeli-backed firm spied on US churches to push propaganda

  • Politics
  • 15 Oct 2025
From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
Smoke and fire rises after 'Israel' launched airstrikes on the village of Ansar, Lebanon, October 16, 2025 (social media)

'Israel' launches two waves of brutal strikes on east, south Lebanon

  • Politics
  • 16 Oct 2025

Coverage

All
War on Gaza

Read Next

All
An Israeli settler stands over a woman who was harvesting olives after assaulting her, October 19, 2025 (social media)
Politics

West Bank sees 757 Israeli settler attacks in one year

The OpenAI logo appears on a mobile phone in front of a screen showing part of the company website in this photo taken on Nov. 21, 2023 (AP)
Technology

OpenAI unveils new search browser built around chatGPT

White House Chief of Staff Susie Wiles, from right, and War Secretary Pete Hegseth listen as President Donald Trump meets in the Cabinet Room of the White House, Monday, October 20, 2025, in Washington (AP)
Politics

‘Your mom’ politics take over Trump administration

Hezbollah Secretary-General Sheikh Naim Qassem during a public address on October 21, 2025 (Screengrab)
Politics

Sheikh Qassem: Lebanon stability depends on ending Israeli aggression

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS