Ukraine hits Russian Black Sea oil port
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Ukrainian attack halts oil exports from Russia's Novo, affecting 2% of global supply, sources say
Russia's Black Sea port of Novorossiysk temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday, according to industry sources, after a Ukrainian missile and drone attack.
India became the world’s second-largest buyer of Russian crude in October 2023, importing $2.5 billion worth, even as US sanctions on major Russian oil firms threaten to disrupt future supplies., Economy,
Goce Janevski reports that the effectiveness of US sanctions on Russian oil majors depends on Moscow’s evasion tactics and global response
A Ukrainian drone attack damaged a docked ship, apartment buildings and an oil depot in the Russian Black Sea port of Novorossiysk, a key outlet for Russian oil exports, injuring three of the vessel's crew members,
Russia's key Black Sea port of Novorossiysk suspended oil and wheat exports after a major Ukrainian drone attack, causing global crude prices to jump on supply disruption fears.
The International Energy Agency said there’s “considerable downside risk” to its outlook for Russian crude production from US sanctions, but held back from estimating the impact until it sees more details on enforcement.
Russia's revenues from crude oil and refined products fell again in October due to lower export volumes and weaker prices, the International Energy Agency said on Thursday, adding that Russian oil exports have been holding up so far.
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