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Home > Headlines > Oil loadings from Russia's Black Sea Novorossiisk port suspended, sources say

Headlines

Oil loadings from Russia's Black Sea Novorossiisk port suspended, sources say

Published by Global Banking and Finance Review

Posted on February 18, 2025

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MOSCOW (Reuters) - Oil loadings from Russia's Black Sea port of Novorossiisk were suspended on Tuesday due to a storm, two sources familiar with the matter told Reuters.

CPC Blend oil loadings from the Caspian Pipeline Consortium (CPC) Black Sea terminal near Novorossiisk continued, unaffected by the storm, the sources added.

Severe storms in the Black Sea region regularly disrupt up to two million barrels per day of oil exports from Kazakhstan and Russia.

Oil exports from Novorossiisk in February were revised up by 0.24 million metric tons from an initial plan to 2.25 million tons or some 590,000 barrels per day, two people familiar with the matter said on Monday.

(Reporting by Reuters; Editing by Jan Harvey)

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