Oil product exports from Russia have fallen to their lowest level in eight months: the reasons
In June, Russian oil product exports by sea fell to their lowest level since October 2024. This is according to Bloomberg.
The average daily supply volume in the first 20 days of June was 2 million barrels, which is 8% less than in May 2025 and in June 2024.
The largest decline in volumes was recorded in the Baltic ports – more than 15% compared to May.
The main reason for the drop was the prolonged maintenance work at refineries serving the ports of the Baltic Sea, as well as the Russian government's attempts to secure the domestic market with fuel ahead of peak summer demand.
"The drone attacks earlier this year may have increased processing times at both primary and secondary facilities," said Vortexa market analyst Mick Stroutmann.
Exports of diesel fuel and gasoil increased by 1% compared to the previous month to around 1 million barrels per day. A significant portion of these additional supplies are destined for Turkey.
Oil supplies fell by 15% to 322,000 barrels per day, the lowest level this year. Exports to Africa decreased, while flows to Asia remained virtually unchanged.
Fuel oil supplies from Russia have decreased by 16% to 537,000 barrels per day. At the same time, exports to Africa, particularly to Egypt, have sharply increased.
Exports of oil refining feedstock jumped 84% to 132,000 barrels per day, the highest level since November.
Supplies of gasoline and blending components from Russia amounted to less than 200 barrels per day, while flows of aviation fuel reached a nine-month low of 15,000 barrels per day.
- On May 5, Trump praised the fall in oil prices and said it was a good thing to end the war.
- On May 14, the Ukrainian Foreign Intelligence Service stated that Russia is on the verge of a fuel crisis due to sanctions, Ukrainian attacks, and falling global oil prices.