Russia October Oil/Gas Tax Revenues Seen Up 10% on Higher Crude Prices

Reuters projects Russia's oil and gas tax revenues will rise 10% in October to ~$12B, driven by higher crude prices despite lower production. This reverses a 14% decline in revenues for the first ten months, signaling resilience in Russian energy revenues amid sanctions. The increase may bolster Russia's fiscal position and fund its war effort, but sustainability depends on crude price trajectory and production constraints.