There are 570,000 barrels of oil on board the Ise Princess tanker, Reuters reports.

American oil, along with oil exported from Norway, the Middle East and West Africa, is supposed to replace Russian oil coming through the Druzhba pipeline.

The European Union is going to reduce oil imports from Russia by 90% by the end of the year.

It is noted that Mars oil produced in the Gulf of Mexico is similar in composition to Russian Urals.

The first batch of American oil, delivered to Rostak in early August, arrived at the PCK Schwedt refinery, the majority owner of which is Rosneft.

Last week, Rosneft warned that fuel prices in Germany would rise due to the higher cost of oil imported by sea.

Since early June, the price of U.S. crude oil has fallen from $122 a barrel to less than $87 a barrel, while production has reached nearly 12 million barrels of oil — a 20% jump from early 2021 levels.

In June of this year, the United States exported record volumes of oil — about 3.5 million barrels per day.

The US Federal Energy Information Administration predicts growth in oil production and exports.