Published by Global Banking and Finance Review
Posted on August 13, 2025
2 min readLast updated: January 22, 2026
In July, Russia's seaborne oil exports dropped 6.6% due to refinery maintenance and strong domestic demand, affecting global supply.
MOSCOW (Reuters) -Russia's seaborne oil product exports in July were down 6.6% from June at 8.67 million metric tons amid planned domestic refinery maintenance and strong domestic demand, data from industry sources and Reuters calculations showed.
According to Reuters calculations based on data from industry sources, Russia's offline primary oil refining capacity for July rose to a maximum year-to-date level of 4.13 million metric tons, up 26% from 3.28 million tons in June.
Rising idle capacity points to decreasing fuel production and exports.
Total oil product exports in July via the Baltic ports of Primorsk, Vysotsk, St Petersburg and Ust-Luga fell by 5.4% month-on-month to 4.74 million tons, data from market sources showed.
Fuel exports via Russia's Black Sea and Azov Sea ports last month decreased 10.5% on a monthly basis to 3.27 million tons.
Oil product exports from Russia's Arctic ports of Murmansk and Arkhangelsk last month fell 41.8% from June to 39,700 tons from 65,900 tons.
Fuel export loadings at Russia's Far East ports rose 15.3% month-on-month in July to 611,000 tons as local refineries completed seasonal maintenance, data from sources and Reuters calculations showed.
(Reporting by Reuters; Editing by Christina Fincher)
Russia's seaborne oil product exports in July were down 6.6% from June.
The decline was attributed to planned domestic refinery maintenance and strong domestic demand.
Total oil product exports via the Baltic ports fell by 5.4% month-on-month to 4.74 million tons.
Oil product exports from Russia's Arctic ports fell 41.8% from June to 39,700 tons.
Fuel export loadings at Russia's Far East ports rose 15.3% month-on-month in July to 611,000 tons.
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