Russia’s 46% Oil Tax Revenue Slump and India’s Venezuelan Crude Shift Pressure Brent

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Russia's oil and gas tax revenues are set to tumble 46% year-over-year in January due to weaker crude prices and a stronger rouble, underscoring bearish pressure on Brent benchmarks. India's MRPL is scouting Venezuelan crude to replace suspended Russian imports, potentially reshaping Brent supply flows.

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