Trading in petroleum products on the St. Petersburg Commodity Exchange rose by more than $1 billion

In the first quarter of the year, the volume of petroleum product trading on the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) increased by more than $1.14 billion compared to the same period last year.

While transactions in petroleum products were valued at $5.25 billion in January–March 2025, the figure reached $6.39 billion in the first quarter of 2026. The increase amounted to approximately 21.8%, or $1.1456 billion.

It was petroleum products that became the main driver of growth for the exchange’s entire commodities market. The total trading volume on the SPIMEX increased over the year from $5.7 billion to $6.82 billion.

Meanwhile, other energy sectors saw a decline. Oil trading volume fell by nearly 29%—from $241.7 million to $171.4 million. The volume of gas trades also decreased—from $95 million to $90.2 million.