Russian Fuel Exports Rebound in August But Still Down 50% From Last Year
America Is Paying a Lot for Fuel, Not Running Out of Gasoline Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
Her… Russia’s seaborne oil product exports jumped 16.4% in August from July as several refineries returned from unplanned maintenance.
The rebound still left Russian fuel exports 50% below August 2025 levels.
Russia shipped 4.57 million metric tons of oil products last month, according to industry sources and Reuters calculations.
The cargo mix was weighted toward naphtha and fuel oil as Ukrainian drone strikes continued to hit refineries and Moscow kept diesel exports under restriction.
The Baltic accounted for most of the improvement.
Petersburg and Ust-Luga rose 32.7% from July to 2.62 million tons.
Black Sea and Azov Sea exports moved the other direction, falling 25.3% to 930,000 tons.
Arctic shipments from Murmansk and Arkhangelsk rose to 130,400 tons from 44,000 tons, while Far East loadings climbed 34% to 890,000 tons.
The month-over-month gain looks considerably less impressive against last year.
Russia’s refinery system has absorbed repeated Ukrainian attacks throughout 2026.
Three of the country’s six largest diesel-producing refineries—Kirishi, Volgograd and NORSI—are either shut or operating at roughly one-quarter capacity.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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