【By Observer Net, Wang Shipu】Despite the continuous drone attacks by Ukraine and increased sanctions from Europe and the United States, Russia's maritime crude oil exports have surged to the highest level in more than two years.

According to reports from Reuters and Bloomberg on October 15, vessel tracking data compiled by Bloomberg shows that the average daily export volume from Russian ports over the past four weeks as of October 12 was 3.74 million barrels, the highest level since June 2023. This average value better reflects underlying trends compared to the more volatile weekly data.

Maritime data shows that Russia's crude oil exports have reached a new high in two years

Photos of Ukrainian drone attacks on Russian refineries in September

Based on the four-week average, the total value of Moscow's exports increased by about $60 million over the 28 days ending on October 12, reaching $1.49 billion per week, the highest level in a year.

Notably, due to increased sanctions from Europe and the United States, the volume of shipments with "unknown destinations" now totals 1.5 million barrels per day.

Despite the significant increase in crude oil exports, Russia's refined petroleum product processing and exports have experienced considerable fluctuations this year due to the continuous drone attacks by the Ukrainian army.

Industry data and calculations by Reuters show that Russia's maritime exports of petroleum products in September fell 17.1% from August to 7.58 million tons. In that month, Russia's oil deliveries increased by 37,000 barrels per day, while the supply of petroleum products decreased by 17,000 barrels per day. Except for April 2020, the petroleum products index fell to one of the lowest levels in nearly ten years, mainly due to reduced supply of diesel and fuel oil.

Reuters reported that the reason is that several refineries were affected by drone attacks, leading to reduced fuel production. In August and September, several major refineries, including SNGS (Surgut Oil and Gas Company), were attacked by Ukrainian drones.

However, despite the significant decline in maritime exports of petroleum products, Russia's overall oil export revenue has not been greatly affected.

The International Energy Agency report stated that in September 2025, Russia's oil and petroleum products exports increased by 2.76% month-on-month to 7.44 million barrels per day. At the same time, export supply income decreased by 1.7% to 13.35 billion U.S. dollars. Compared to September of last year, Russia's oil export revenue decreased by approximately 720 million U.S. dollars.

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