Russian Fuel Exports Rebound in August But Still Down 50% From Last Year

AI Summary

Russian seaborne oil product exports increased by 16.4% in August due to refinery maintenance completions, though shipments remain 50% below last year's level. Ukrainian drone attacks and diesel export restrictions continue to impact Russian fuel exports, with most improvement seen in the Baltic region.

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. Shipments…