{
  "id": 12473081,
  "title": "Russia September crude exports rise 8% on month, despite fresh sanctions",
  "url": "https://urgent.news/2026/10/06/russia-september-crude-exports-rise-8-on-month-despite-fresh-sanctions",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T21:00:47.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/russia-september-crude-exports-rise-8-on-month-despite-fresh-sanctions/"
  },
  "original_language": "en",
  "account": "Russia's crude oil exports increased by 8% in September compared to the previous month and 3% year-over-year, according to ship tracking data from S&P Global Energy, revealed on October 5. Despite the implementation of new sanctions and tariffs by the United States, which took effect on September 18, the Kremlin spokesperson, Dmitry Peskov, expressed concern over the impact on bilateral relations and the resolution of the conflict in Ukraine during a press conference on September 21.\n\nIndia and China emerged as Russia's largest crude oil importers, with China's imports rising by 22% month-over-month and 27% year-over-year to 1.415 million barrels per day (b/d) in September, while India's imports dropped by 59% month-over-month and 51% year-over-year to 816,000 b/d. Unknown destinations saw a notable surge in crude oil exports, totaling 709,000 b/d in September, up from 24,000 b/d in August and zero barrels a year earlier, according to S&P Global Commodities at Sea data.\n\nRussian seaborne crude exports to both India and China experienced significant declines, with exports to India dropping 59% month-over-month and 51% year-over-year, and exports to China increasing by 22% month-over-month and 27% year-over-year. Ship-to-ship transfer operations in the Far East saw a decline of 43% month-over-month and 56% year-over-year, with exports to this sector falling to 142,000 b/d in September.\n\nThe Russian economy minister, Maxim Reshetnikov, stated on September 24 that Russia anticipates producing 494 million metric tons of oil in 2026, equating to around 9.92 million b/d, a decrease of approximately 3.5% from 2025 levels of 512 million metric tons. Platts reported that Russian Urals crude, assessed on a forward price basis in Primorsk, was priced at $91.85 per barrel as of October 2, representing a $35.11 discount per barrel compared to Dated Brent crude.\n\nRecognizing the impact of the diesel ban implemented by Russia, which extended until the end of October, Russian newspaper Vedomosti reported in citing two sources familiar with the matter. The ban on non-producers will remain in place until the end of January 2027. Additionally, diesel exports to China declined by 56% month-over-month and 49% year-over-year, while gasoline exports to Egypt grew by 18% month-over-month and 31% year-over-year, amounting to 150,775 b/d in September. Egypt served as a crucial transshipment hub for Russian crude barrels.\n\nKirill Dmitriev, Russia's presidential envoy for investment and economic cooperation, warned that the US sanctions legislation would lead to rising diesel prices in the United States, projecting the price to exceed $8 per gallon on election day, as he stated on September 20 via a post on social media platform X.",
  "summary": "Russia exported 4.088 million barrels/day of seaborne crude in September, up 8% month over month and up 3% year over year, despite ongoing sanctions, ship tracking data from S&P Global Energy showed Oct. 5. US President Donald Trump signed legislation on Sept. 18 allowing him to impose tariffs of up to 100% on goods imported ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "title": "Hong Kong’s MPF has gained nearly HK$100b this year despite September loss: report",
        "url": "https://urgent.news/2026/10/07/hong-kongs-mpf-has-gained-nearly-hk-100b-this-year-despite-september",
        "published": "2026-10-07T01:00:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}