Russian Fuel Shipments from Black Sea Ports Plunged in November
Market Intelligence Analysis
AI-PoweredRussia's refined petroleum product exports decreased by 0.8% in November due to a decline in Black Sea port shipments, but were partially offset by increased exports from Baltic Sea terminals.
Market impact analysis based on bearish sentiment with 72% confidence.
Article Context
Russia’s shipments of refined petroleum products inched down by 0.8% in November compared to October as a plunge in exports from the Black Sea ports was offset by a jump in shipments from Baltic Sea terminals, Reuters estimates showed on Friday. Ukrainian drone attacks on refineries in southern Russia and the Black Sea oil port of Tuapse crippled exports of fuels from the Black Sea export terminals last month. The port of Tuapse suspended fuel exports for half of the month of November, due to the drone attack…
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