Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Russian seaborne diesel exports fell in August, data shows

Published by Global Banking and Finance Review

Posted on September 2, 2025

Featured image for article about Finance

MOSCOW (Reuters) -Russia's seaborne diesel and gasoil exports fell 6% on the month in August to about 3.1 million metric tons as damage from Ukrainian drone strikes hit production, data from market sources and LSEG showed.

Last month Ukraine intensified drone attacks on Russian oil facilities, targeting major refineries and oil depots mainly in southern and central Russia daily ahead of a meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

As a result, at least 17% of Russia's oil processing capacity, or 1.1 million barrels per day, was shut down in August, according to Reuters' calculations.

Diesel and gasoil loadings from the Black Sea port of Novorossiisk fell last month by around 12% from July to 0.83 million tons, shipping data showed.

However, diesel exports via the Russian Baltic port of Primorsk, the country's biggest outlet for exports of ultra low-sulphur diesel (ULSD), rose in August 5.4% month-on-month to 1.33 million tons, as main fuel suppliers completed planned maintenance.

Turkey and Brazil remained the biggest importers of Russian diesel and gasoil last month, with Morocco, Tunisia and Senegal among the other main importers, according to LSEG data.

(Reporting by Reuters in Moscow. Editing by Alexandra Hudson)

Sterling options volatility nears 'Liberation Day' highs ahead of UK budget

Explainer-European carmakers hope for reprieve on 2035 combustion engine ban

BMW sets new mid-term climate goal