Russia resumed oil loadings at its key Black Sea port of Novorossiysk on 16 November following a two-day suspension caused by a Ukrainian missile and drone attack, according to Reuters. Ukraine struck the oil terminal and at least two other sites in the city overnight on 14 November.
Novorossiysk port resumes operations after shutdown
Oil exports were temporarily halted at Novorossiysk and the nearby Caspian Pipeline Consortium (CPC) terminal on 14 November after Ukraine launched what Reuters described as its most damaging attack so far on Russia’s main Black Sea crude export infrastructure in Novorossiysk. The pause affected 2.2 million barrels per day of crude — about 2% of global supply — and triggered a more than 2% surge in world oil prices on supply fears.
The Ukrainian strike damaged two oil berths at the port, temporarily forcing operations offline. A prolonged suspension would have required Russia, the world’s second-largest oil exporter, to shut oil wells — a step that could have significantly reduced its overall crude output.
Ukraine’s Long Neptune missile, drones hit Russian oil terminal and air defenses in Novorossiysk
Reuters noted earlier that Russia’s oil processing output had fallen just 3% this year.
Reuters reported that the CPC terminal, which exports Kazakh crude via a Black Sea terminal, also briefly suspended loadings on Friday due to the Ukrainian strike. It resumed exports the same day.
Read also
-
Every Russian attack on Kyiv costs the city about $12 million. They now come almost twice in week
-
Ukraine’s drones hit two Russian fighters and a spy drone—and blinded radars from occupied Crimea to Rostov
-
Russia holds up to 20,000 Ukrainian civilians in captivity. One of newest is teacher who stayed in her occupied village to care for her 83-year-old mother
