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Some Black Sea Crude Loadings Hit by Weather

OIL

Crude exports out of Russia’s Novorossiisk port in the Black Sea have been suspended since November 17 because of storm activity according to Reuters sources.

  • "The terminal is closed due to a gale warning. We expect loadings to be shut for a couple more days", one of the sources said.
  • CPC Blend oil loadings from nearby Caspian Pipeline Consortium (CPC) terminal in Yuzhnaya Ozereyevka have been also suspended since yesterday due to bad weather.

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