September 18, 2026 [Oil Price]- In August 2026, Russia’s seaborne oil product exports rose 16.4% from July, reaching 4.57 million metric tons, primarily due to several refineries resuming operations after maintenance. However, this figure remains 50% lower than in August 2025. The increase was driven by shipments from the Baltic region, while Black Sea and Azov Sea exports fell by 25.3%. Russian diesel exports are restricted, with a ban extended through October 31, as refinery capacity remains compromised due to ongoing Ukrainian attacks. U.S. diesel prices have surged above $6 per gallon amid these supply issues.
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