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Free AccessRussia's Novorossiisk Oil Loadings Resumed Dec 3
Oil loadings from Russia's Black Sea port of Novorossiisk resumed after a storm on Dec. 3 according to Reuters sources early Monday.
- “Crude oil exports and transit from Novorossiisk had been suspended since Dec. 1.” Reuters reported.
- CPC oil exports continued over the weekend and Monday according to the sources.
- Oil shipments at CPC resumed on Friday from two single point moorings, while a damaged third SPM has been taken out of service according to reports.
- Russia's Black Sea ports are working on Monday as weather conditions permit according to a Ministry of Transport statement.
- Black Sea terminals have been working intermittently since the end of November due to weather impacting Kazakh and Russian shipments.
- Kazakhstan’s daily oil and gas condensate output rose to 230.5k tons on 3 December according to energy ministry data. It had been hit by an inability to export at points last week. Output was at 218.9k tons on 2 December, at 204.9k tons on 1 December and at 153.1k tons on 30 November.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.