September 24, 2026 [Oil Price]- Russia has commenced commercial crude oil exports from the Vostok Oil project, with three ice-class tankers loading approximately 250,000 metric tons from the Bukhta Sever terminal in September 2026. Current exports are projected at 150,000 barrels per day, significantly lower than the 2 million bpd initially anticipated. Rosneft aims to increase this to 600,000 bpd by 2027 and 1 million bpd by 2030. The project has faced delays due to sanctions and investor withdrawals. Meanwhile, India’s imports of Russian crude have decreased by 16.5% in August, amid new U.S. sanctions potentially imposing tariffs on Russian oil.

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