Recent monthly indicators show that Russia’s seaborne crude exports have reached a peak not seen since early 2020, hovering around 8.1 million barrels per day. In the first month of spring, the pace advanced by roughly 0.6 million barrels per day, while the overall revenue from raw material shipments to international markets climbed to about 12.7 billion dollars — an increase of around 1 billion compared with the prior period. These figures come from the International Energy Agency analysis reported by TASS, reflecting the latest market dynamics and the mix of crude oil sent abroad.
Alongside crude, shipments of Russian refined products also rose during the same window. The March results show an uptick of approximately 450 thousand barrels per day relative to February, bringing total product deliveries to about 3.1 million barrels per day. The shift illustrates a broader strengthening of physical volumes across the export stream, underlining sustained demand for both crude and petroleum products in international markets.
From a market perspective, the March 2023 physical export volume of Russia’s oil reached its highest level since April 2020, driven largely by higher volumes of petroleum products destined for overseas customers. Export earnings increased by around 1 billion dollars versus February, reaching about 12.7 billion dollars, while overseas shipments rose by 0.6 million barrels per day to roughly 8.1 million barrels per day. Within this total, shipments of petroleum products expanded by 450 thousand barrels per day relative to the prior month, equating to about 3.1 million barrels per day. The data illustrate how product mix changes can influence both the headline export figure and revenue streams in parallel with shipping volumes.
Industry observers noted an additional signal from market analytics when Bloomberg, citing Vortexa Ltd. researchers, reported that the volume of oil moved by sea on tankers reached 1.27 billion barrels, marking the strongest level since 2020. The figure represents a substantial increase, rising by about 230 million barrels since the prior August. This pattern highlights the interplay between seaborne logistics, refinery demand, and global trading routes that shape the magnitude of monthly oil movements and the timing of shipments across markets in North America and beyond.