Oil Exports from Russian Black Sea Ports Dip on Attacks and Storms
Market Intelligence Analysis
AI-PoweredOil exports from Russian Black Sea ports have decreased due to Ukrainian attacks and bad weather, affecting loadings and departures.
Market impact analysis based on bearish sentiment with 74% confidence.
Article Context
Crude oil exports from the Russian terminals on the Black Sea were much lower in November than originally planned as bad weather and Ukrainian attacks on infrastructure have delayed loadings and departures, Reuters reported on Thursday, quoting sources in the industry. Both the port of Novorossiysk and the CPC terminal loading most of Kazakhstan’s crude have been hit by drone attacks in recent weeks, with damaged infrastructure delaying loadings of the Russian grades Urals and Siberian Light, as well as Kazakhstan Export Blend Crude…
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