Lead

Russia's exports of oil and petroleum products rose by 7% in March 2026 compared to the previous month, reaching 13 million barrels per day, according to data from the International Energy Agency (IEA) as reported by TASS. Revenues from these exports nearly doubled to 04 billion, driven by rising global oil prices.

Coverage Comparison

TASS, citing the IEA's monthly report, reported the export and revenue figures, highlighting the month-on-month growth and the near-doubling of revenues. In a separate report, TASS relayed a Financial Times (FT) story on Singapore's sharp increase in imports of Russian petroleum products, attributing the shift to Middle East supply disruptions and the conflict around Iran. The two reports together paint a picture of Russia's growing presence in global energy markets, both in terms of export volumes and as a supplier to new markets.

Key Claims

  • Export volumes: Russia's oil and petroleum product exports rose by 7% month-on-month in March 2026 to 13 million barrels per day, according to the IEA via TASS.
  • Revenue increase: Revenues from export supplies almost doubled to 04 billion, with oil export revenues at 45 billion (up 41 billion from February) and petroleum product revenues at 59 billion (up 88 billion). Year-on-year, revenues gained 76 billion.
  • Breakdown of deliveries: Oil deliveries increased by 270,000 barrels per day in March, while petroleum product supplies added 50,000 barrels per day.
  • Singapore imports: Singapore has sharply increased its imports of Russian petroleum products, with April volumes more than double the 2025 average monthly level, according to the FT as cited by TASS.
  • Shift in supply sources: Supplies from Persian Gulf countries fell to 336,000 barrels per day in March and April from 522,000 at the start of the year, while Russian supplies rose to 585,000 barrels, with April volumes potentially reaching the highest since 2016, per the FT.