https://www.intellinews.com/urals-oil-price-is-increasingly-meaningless-allowing-russian-owned-refineries-in-europe-to-build-up-slush-funds-271098/
Then budget revenues from oil and gas revenus collapsed in December and January, but the oil companies continue to report record profits.
What appears to be happening is the budget has indeed seen a sharp fall in revenues, but the leading oil comapnies are still making huge profits. The sanctions mean they are no longer interested in reporting large profits but instead report as low a price for selling Urals as possible, which reduces their tax burden. In what is tantamount to a new transfer pricing scheme, the difference between the price the companies report and the cash they actually make accumulates in thier non-transparent offshore trading companies, creating a huge slush fund that in theory the Kremlin has access to.
Tax revenue for the Russian government has gone down, but oil companies such as Lukoil are making record profits. Lukoil is showing price of Urals crude as $40 per barrel in their returns, and then transporting this crude to the refineries that they own (ISAB refinery in Sicily, Zeeland Refinery in Rotterdam and refineries in Burgas and Constanta). Lukoil then process this crude and sells products at record margins. For the first three quarters of 2022, Lukoil increased the net profit to $8.6 billion. For the same period, Rosneft reported a net profit of $9.4 billion. Gazprom Neft reported profits of $6.7 billion (4x increase YoY).
Your self-hypnosis deserves a special award. Tell me - when it's pouring rain, smog, dirt outside the window. Do you find a resource where it says that you have the sun and hot, put on flip flops, shorts and a T-shirt, and go to the beach?
Those. indicators of REAL prices on exchanges, information even from Russian STATE publications, specialized companies that write and publish data on real transactions at real prices, reports from the Ministry of Statistics and the Ministry of Finance of Russia on the global drop in oil and gas revenues, and failure to fulfill plans to fill the budget through the sale of oil and gas - "not suitable information" for you, because you want it to be different?
a few excerpts from the expanses of Russia itself:
- If in 2019 Gazprom's profit amounted to more than 1.2 trillion rubles, then in 2020 - only 135.3 billion rubles. The main reasons for the decline were the depreciation of the ruble and the fall in gas prices.
https://www.rbc.ru/business/29/04/2021/608a65999a79473d576883ba
- Gazprom reported a decrease in profit from 2.7 trillion rubles to 747 billion rubles year-on-year At the end of 2022, Gazprom's net profit under RAS amounted to 747.246 billion rubles, follows from the company's financial report. In 2021, Gazprom reported a net profit of 2.684 trillion rubles.
- The Russian monopolist Gazprom reported a drop in gas production in 2022. Thus, in January-September the company produced 313.3 billion cubic meters. m of natural gas, which is 17.1% (64.8 billion cubic meters) less than in 2021. At the same time, fuel exports to non-CIS countries amounted to 86.9 billion cubic meters. m is 40.4% (by 58.9 billion cubic meters) less than in the same period last year.
https://news.obozrevatel.com/economics/economy/dobyicha-i-eksport-gaza-iz-rossii-ruhnuli-otchet-gazproma.htm
- Russia's oil and gas revenues almost halved in February
https://www.forbes.ru/finansy/485672-dohody-rossii-ot-nefti-i-gaza-v-fevrale-sokratilis-pocti-vdvoe