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Posted October 20, 2016Today in Energy

Low oil prices have affected Russian petroleum companies and government revenues ›

Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices. However, Russian oil and natural gas companies’ capital investment programs have been less affected, if at all. Russia’s two main hydrocarbon taxes are calculated by formulas that result in lower tax rates at lower crude oil prices. More

Source: EIA, based on Russia Federation Ministry of Finance


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Data Highlights

WTI crude oil futures price

10/19/2016: $51.60/barrel

up$1.42 from week earlier
up$6.05 from year earlier

Natural gas futures price

10/19/2016: $3.170/MMBtu

down$0.040 from week earlier
up$0.694 from year earlier

Weekly coal production

10/15/2016: 16.030 million tons

down0.538 million tons from week earlier
down0.625 million tons from year earlier

Natural gas inventories

10/14/2016: 3,836 Bcf

up77 Bcf from week earlier
up46 Bcf from year earlier

Crude oil inventories

10/14/2016: 468.7 million barrels

down5.2 million barrels from week earlier
up24.1 million barrels from year earlier


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