US EditionRussia's Novorossiysk Port Restarts Oil Exports After Ukrainian Strike
Novorossiysk port resumed crude oil loading after a two-day halt caused by Ukrainian strikes that disrupted 2% of global oil supply, impacting key Russian export infrastructure.
- On November 16, Novorossiysk port resumed oil shipments after a two-day suspension prompted by Ukrainian missiles and drones, Reuters reported citing two industry sources and LSEG data.
- Ukrainian missiles and attack drones struck the Sheskharis oil terminal on the night of November 14, damaging loading infrastructure and fires, while satellite imagery dated November 15 showed no tankers moored and visible terminal damage.
- Industry data shows the Sheskharis oil terminal moved 3.22 million tons in October, servicing 35–40 large tankers monthly and affecting Berth 1 and Berth 1A, with Arlan and Rodos waiting to load.
- Global oil prices rallied by more than 2% on supply fears as Transneft halted crude deliveries and local authorities in Novorossiysk declared a state of emergency.
- Novorossiysk accounts for about a fifth of Russia's crude exports, and a prolonged closure would force costly suspension of Western Siberian oil wells, cutting supplies amid future attack risk by Ukrainian forces.
58 Articles
58 Articles
PoliticsRussia has seen another counterattack. Ukraine attacked a Black Sea port, damaging oil terminals, which had an impact on Putin's oil industry.
Novorossiysk Oil Terminal Resumes Operations After Ukrainian Attack, Kazakh Minister Says
Oil shipments from Russia’s Black Sea port of Novorossiysk have resumed, energy officials in Kazakhstan said on Monday, just days after a Ukrainian air attack damaged terminal infrastructure in the area.
Long-range weapons Ukraine has developed since Russia's 2022 invasion
LONDON - Ukraine struck Russia's port of Novorossiysk last week, forcing it to suspend oil exports. The Neptune missile it used is one of several long-range weapons Ukraine has developed since the 2022 invasion. Read more at straitstimes.com.
Oil Markets Find Fragile Floor As Geopolitics Clash With Supply Glut
Brent and WTI are starting the week on the back foot, trading just under 64 and 60 dollars a barrel after giving back part of Friday’s risk premium. The immediate trigger was the resumption of crude loadings at Russia’s Black Sea port of Novorossiysk, where Ukrainian strikes had briefly interrupted exports equal to roughly 2% […]
Global oil prices fell in Asian markets on Monday morning, erasing last week's price gains as Russia's main export port at Novorossiysk resumed operations after a two-day shutdown caused by the Ukrainian attack.
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