12 October 2021, 03:52
Russian budget revenues from energy exports in 2021 will grow by almost 70%, or $ 50, compared to high oil and gas prices. It is reported by TASS with reference to the data of the rating agency Fitch.
Dmitry Marinchenko, Senior Director of the Fitch Group for Natural Resources and Commodities, said that this year’s budget revenues from the oil and gas sector could be about $ 125 billion. This is $ 50 billion more than 2020 revenues and $ 40 billion more than analysts’ expectations for 2021.
At the beginning of the year, it was expected that the average oil price would be $ 45 per barrel, and the export price for gas would be $ 200 per thousand cubic meters.
On October 11, the cost of a Brent oil futures contract for delivery in December of this year on the London ICE stock exchange. reached $ 84.06 a barrel. The last time the price of Brent exceeded $ 84 per barrel was in October 2018.
November futures price on TTF hub in the Netherlands on October 11 reached $ 1123 per thousand cubic meters.