Russia boosts Arctic oil exports

Russia has increased its oil exports through the Arctic Sea to maintain its levels and reduce maritime navigation risks, especially in the Red Sea. Shipments remained stable at over 4 million barrels per day for the fifth consecutive week until the end of July, with measures such as early navigation and icebreakers implemented to enhance efficiency and shorten transit times. Asian markets took the largest share of the exports, while the Egypt station at Mersa El Hegaz Port helped reduce oil stockpiles despite international challenges and sanctions. The rise in oil prices contributed to higher weekly revenues, as ongoing efforts to organize shipping movements ensured the flow of energy to global markets.

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