Russia and Saudi Arabia have likely pulled billions in additional oil revenue after steep oil production cuts lifted crude prices.
Russia has generated an extra $2.8 billion in oil revenue this quarter compared to the April through June period, according to Energy Aspects estimates cited by the Wall Street Journal. Saudi Arabia, meanwhile, has likely pulled an extra $2.6 billion over that time frame, the equivalent of gaining an extra $30 million a day
Source: Market Insider
