Russia begins commercial crude exports from Vostok Oil Arctic terminal

Rosneft has started commercial crude exports from its Vostok Oil project, loading about 250,000 metric tons from the Bukhta Sever terminal on the Taimyr Peninsula in September. This marks a milestone after years of sanctions and delays, with exports expected to average 150,000 barrels per day initially. The move adds new Russian supply to global markets, potentially offsetting some sanctions impact.