Russia's oil exports via the Northern Sea Route (NSR) in 2026 have already surpassed last year's total by nearly 50%, with around 20 million barrels shipped to Asia from the start of navigation in July to mid-October, according to traders and data. The Arctic route, long seen as riskier and costlier, has become more attractive as disruptions on routes through the Suez Canal, the Strait of Hormuz and the Black Sea area have pushed tanker freight rates to record highs. Volumes are expected to rise by another 5-10 million barrels by the end of the navigation season, compared with 13 million barrels in the last season. Gazprom Neft plans to increase its NSR shipments by about 35% from 2025, and the newly opened Vostok Oil project is also adding to volumes. LNG supply via the route is also expected to rise after Arctic LNG shipments began.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Russian Oil Exports by Arctic Route Jump Amid World Freight Crisis
Read the original on gcaptain.com ↗
Related tickers and likely impact
PVD
▼ Likely negativePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,375 bn VND |
| P/E | 14.7 |
| P/B | 0.95 |
| Close on 10/19/2026 | 17.70 |
| Change that session | +0.28% |
PLX
• NeutralPetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,534 bn VND |
| P/E | 13.9 |
| P/B | 1.83 |
| Close on 10/19/2026 | 35.15 |
| Change that session | +0.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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