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Black Sea Crude Loadings Operating Normally After Grain Deal Collapse

OIL

Russian Black Sea oil loadings remain stable despite rising tensions in the area according to Reuters sources and vessel tracking.

  • Black Sea ports have operated in recent days in line with loading schedules.
  • Vessel operators are not understood to be looking for higher premiums due to the potential risk increase.
  • Russia and Ukraine said late last week that all ships crossing the areas in the Black Sea may be considered targets after the grain deal expiry.
  • Kazakh Energy Minister Almasadam Satkaliyev said CPC loadings out of the Black Sea were operating normally.

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