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Novorossiisk Crude Exports Half of Planned Schedule in Nov

OIL

Crude oil supplies from the Novorossiisk port in Russia are 50% below the planned schedule in November amid Black Sea storm disruption according to Reuters sources.

  • A total of 1.2m metric tons of the scheduled 2.34m tons failed to be shipped.
  • Oil loadings from Russia's Black Sea port of Novorossiisk were suspended again Dec 1 as a storm resumed. Loadings has been suspended earlier in the week at both Russia's Black Sea Novorossiisk port and CPC terminal but had resumed on Nov 30.
  • Black Sea storms have disrupted up to 2mbpd of oil exports from Kazakhstan and Russia.

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