Lead

Russian oil and petroleum product exports reached 7.71 million barrels per day (bpd) in June 2026, up 5.33% from May, according to data from the International Energy Agency (IEA), as carried by TASS. Despite the volume increase, export revenues fell by nearly 24% to $15.84 billion, driven by lower prices for Russian energy products.

Coverage Comparison

TASS reported the IEA figures, noting that crude oil exports increased by 620,000 bpd in June while petroleum product shipments fell by 230,000 bpd. According to the IEA, June 2026 marked the highest level of Russian crude oil exports since February 2022.

In a separate report, TASS covered Transneft's annual report on 2025 performance, which showed an increase in export shipments via its network but an overall decline in crude intake and deliveries. Both reports originate from TASS, and no other outlets' coverage was available for comparison.

Key Claims

  • Russian oil and petroleum product exports totaled 7.71 million bpd in June 2026, up 5.33% from May, according to IEA data reported by TASS.
  • Export revenues fell by almost 24% to $15.84 billion amid lower prices for Russian energy products.
  • Crude oil exports increased by 620,000 bpd in June, while petroleum product shipments declined by 230,000 bpd, as per the IEA.
  • Revenues from oil exports stood at $12.23 billion (down $2.44 billion from May), and revenues from petroleum product exports were $3.61 billion (down $2.53 billion).
  • The price of Russian Urals FOB Primorsk crude oil fell to $61.15 per barrel, a key factor in the revenue decline.
  • Compared to June 2025, Russia's oil export revenues in June 2026 were $2.53 billion higher.

Transneft 2025 Data

TASS also reported on Transneft's annual report, which showed that oil shipments for export via the company's network increased by 1.1% year-on-year in 2025. However, total crude intake into Transneft's trunk pipeline system was 0.2% below 2024 volumes and 3% below 2023 volumes.

Oil supplies from Russian producers dropped by 0.4% compared to 2024 and by 3.3% against 2023. Crude deliveries to Russian oil refineries decreased by 1.6% year-on-year and by 4.9% compared to 2023. Refined product transportation declined by 1.2% year-on-year, which Transneft attributed to shrinking export volumes, while pipeline transportation maintained a stable share of around 30% of total refined product volumes.

Transneft's report explained that the decline in cargo turnover and oil transportation volumes in 2025 was primarily driven by lower refinery runs in Russia. The drop in petroleum product transportation was caused by a reduction in export volumes booked by shippers and the redirection of export-destined products to the domestic Russian market.

At the end of 2025, Transneft CEO Nikolay Tokarev said the company expected a slight dip in Russian oil exports via its infrastructure due to OPEC+ output cuts. For 2026, oil exports via the Transneft system were projected to match 2025 levels. In 2024, the company reduced oil volumes pumped through its system by 2.8% to 447 million tons, and after expecting a slight decline in 2025, it forecast stabilization for 2026.