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How to Track Oil Prices and Russian Crude Export Data

A practical guide to tracking Brent and WTI prices and Russian crude exports with EIA and IEA sources—without confusing benchmarks, crude-only totals and combined oil exports.
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For benchmark prices and downloadable petroleum data, start with the U.S. Energy Information Administration (EIA). For monthly international-market context and estimates of Russian exports by destination, use the International Energy Agency’s (IEA) Oil Market Report (OMR), then compare its figures with EIA analysis. Keep the date, unit, geographic scope and product definition beside every number: Brent is not a Russian export price, and crude-only exports are not the same as crude plus refined products.

Where to track oil prices

EIA Short-Term Energy Outlook

The EIA’s monthly Short-Term Energy Outlook (STEO) is a practical starting point for Brent and WTI price context. It includes market discussion, linked price tables and figures, forecasts, and an interactive data browser. Separate observed prices from forecasts and record the report’s release date; outlook values can change as conditions evolve.

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For a dated example, the EIA’s October 6, 2026 STEO reported that Brent spot averaged $114 per barrel in September 2026. That is an observed monthly average reported in that release, not a standing price or forecast.

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EIA International Data and API

The EIA’s International Data portal lists petroleum series covering production, imports, exports, prices and related measures. It includes annual crude and lease-condensate export data and monthly trade views for OECD countries. Check each series’ geography and frequency rather than assuming a value is monthly or globally comparable.

For machine-readable data, use the EIA petroleum API catalog. Confirm the series metadata for geography, frequency, unit and revision status before using or comparing a result.

IEA monthly market context

The IEA’s Oil Market Report covers supply, demand, inventories, prices, refining and trade for IEA and selected non-IEA countries. It offers a different layer from an EIA price or statistical series: a recurring international-market report that can include estimates of Russian export volumes, revenues and destinations. OMR access is subscription-based.

How to find Russian crude exports by month and destination

Use the IEA OMR for monthly market reporting and its Russian oil exports by destination chart for destination context. The chart identifies IEA, Argus and Kpler as sources. Its estimates of a shipment’s country of origin can involve granular analysis when cargoes pass through third countries; the IEA notes that results may differ from customs information and can change as data are updated.

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Use EIA’s Russia analysis as a complementary view. Published August 7, 2025, it draws on Global Trade Tracker, Argus and Vortexa and reports crude oil and condensate exports, not all petroleum products. EIA estimated an average of 5.0 million barrels per day for 2020–2024, compared with 4.8 million barrels per day in 2024; its first-half 2025 estimate was 4.3 million barrels per day and marked preliminary.

Destination figures need the same care. The IEA’s February 2026 OMR reported a tanker-tracking estimate of Indian imports of Russian crude at 1.1 million barrels per day in January 2026, and an average of 1.7 million barrels per day during 2025. Those are IEA-reported crude-import estimates with different time bases, not interchangeable monthly totals.

Keep crude, condensate and products separate

Export totals can describe different baskets. “Crude oil and condensate,” “crude and product exports,” and total petroleum exports are not synonyms. For example, the IEA reported that Russian crude and product exports fell by 230,000 barrels per day month over month to 7.3 million barrels per day in May 2025. That combined figure is not a crude-only total.

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Before charting or quoting an export value, identify whether it includes crude alone, condensate, refined products or a combined total. Apply the same definition to both sides of a comparison; otherwise, the apparent change may reflect scope rather than a change in crude shipments.

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How to compare Brent, WTI and Russian crude prices

Brent and WTI are benchmark reference series. Russian export grades and weighted export-price estimates reflect different crude qualities, delivery bases and market conditions, so a benchmark is not automatically the price Russia realized for its exports. The IEA’s OMR methodology says its spot crude and product price assessments are based on daily Argus prices and converted to U.S. dollars per barrel where appropriate.

When reporting a discount or spread, name both price series and state the calculation, period, units and assessment basis. For example, define a spread as the Russian grade price minus the named benchmark, rather than describing either number simply as “the oil price.”

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A repeatable tracking workflow

  1. Choose the measure. For global reference prices, select Brent or WTI. For Russian export economics, find a Russian-grade price or weighted export-price estimate and keep it separate from the benchmark.
  2. Capture the metadata. Record the source and series name, observation date or covered month, publication date, currency, unit, frequency, geography and whether the value is observed, estimated, preliminary or forecast.
  3. Match the scope. Mark whether each export figure covers crude, crude and condensate, products, or a combined oil total.
  4. Compare like with like. Match periods, units and geographic scope. For destinations, note that routing through intermediary countries can complicate attribution to a country of origin.
  5. Keep report vintages. If a source revises an earlier month, preserve the original report vintage and identify the source and date of the revised value instead of silently replacing it.
  6. Separate history from outlook. In the STEO, label recent or historical observations separately from forecast periods and include the release date with a forecast.

Why Russian export estimates differ

There is not one universally interchangeable export series. Estimates can differ because sources use different inputs and methods, including tanker tracking, customs information and country-of-origin attribution for cargoes routed through third countries. They may also cover different products, periods or geographic definitions, or reflect later revisions. The IEA describes its destination estimates as potentially different from customs records and subject to updates; EIA’s first-half 2025 crude-and-condensate estimate is explicitly preliminary.

When two figures disagree, first compare their definitions and publication dates. Then check the source inputs, destination or origin rules, and preliminary or revised status. Do not average values with different scopes or treat the difference as proof that one source is wrong.

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