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,

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.

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.

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.

An impasse over Russian oil and imminent US sanctions has put Serbia at loggerheads with its traditional ally in Moscow. Added differences over Russian gas supplies and Serbia's arms trade have ramped up the tensions, with Serbian President Aleksandar Vucic trading barbs with the Kremlin.

Russia and Kazakhstan have agreed to boost their partnership in the oil sector following talks between their respective presidents in the Kremlin on Wednesday. Landlocked Kazakhstan is heavily reliant on Russia as a route for its energy exports,

Russia’s oil shipments through the Arctic Ocean are encountering increasing delays because of US sanctions, a fresh example of how the measures are adding friction to Moscow’s energy trade.