(Photo by ALEXANDER KAZAKOV/SPUTNIK/AFP via Getty Images)
- Oil prices are surging again – and that's making Russia a lot richer.
- The Kremlin's crude export revenues jumped $1.8 billion last month, according to the International Energy Agency.
- The surge comes with key benchmarks close to 10-month highs on recent OPEC+ production cuts.
Russia is pulling in more money from oil sales, with supply cuts by key producers driving up benchmark prices.
The Kremlin raised $17.1 billion from its crude exports last month, according to data from the International Energy Agency, up $1.8 billion from July.
Higher prices offset the potential impact of Russia's total output falling by around 150,000 barrels a day, the IEA added.