Published by Global Banking and Finance Review
Posted on November 14, 2025
4 min readLast updated: January 21, 2026
A Ukrainian drone attack on Novorossiysk port halts Russian oil exports, affecting 2% of global supply and causing oil prices to rise.
MOSCOW (Reuters) -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 what local authorities said was a Ukrainian drone attack.
The attack, one of the biggest on Russian oil-exporting infrastructure in recent months, comes after Ukraine in August stepped up strikes on Russian oil refineries in an attempt to degrade Moscow's ability to finance its war.
Global oil prices rallied by more than 2% on supply fears after the attack.
Long-range Ukrainian air and sea drone strikes have repeatedly disrupted Russian oil infrastructure this year, targeting Baltic and Black Sea ports, a trunk pipeline system, and a number of oil refineries.
UKRAINE ALSO FIRES CRUISE MISSILES, ZELENSKIY SAYS
Ukrainian President Volodymyr Zelenskiy said on Friday Kyiv had also fired long-range "Long Neptune" cruise missiles at targets in Russia overnight, adding that such strikes were getting more successful all the time. He mentioned no targets.
Russian pipeline oil monopoly Transneft has also been forced to suspend supplies to the port of Novorossiysk, the sources told Reuters. The company declined to comment.
The Caspian Pipeline Consortium, which exports oil from Kazakhstan through a neighbouring Yuzhnaya Ozereevka terminal, suspended oil loadings for a few hours and then resumed them when the air alert was lifted, sources said.
It plans to export 1.45 million barrels per day this month from the Yuzhnaya Ozereevka terminal, around 15 kilometres (9 miles) southwest of Novorossiysk.
Debris from the drones fell on the terrain of Russian grain terminal NKHP, which was working normally, Interfax news agency reported, citing director general Yury Medvedev.
Russian officials said Friday's attack had also damaged a docked ship, apartment buildings and an oil depot in Novorossiysk, injuring three of the vessel's crew members.
Delo, a transport and logistics group, said drone debris had fallen onto a container terminal in Novorossiysk, but that its operations continued as usual.
British maritime security company Ambrey said a crane sustained damage, and so did several containers. It said a non-sanctioned container ship alongside the terminal suffered some collateral damage, while no crew members were injured as they sheltered in a safe muster point within the vessel.
'NOVOROSSIYSK SUFFERED MOST'
Russian crude oil shipments via Novorossiysk's Sheskharis terminal totalled 3.22 million tonnes, or 761,000 barrels a day, in October, according to industry sources. For the first 10 months of the year, the figure was 24.716 million tonnes.
The sources told Reuters that a total of 1.794 million tonnes of oil products had been exported through Novorossiysk in October and oil product exports for January-October totalled 16.783 million tonnes.
According to three industry sources, the Ukrainian attack hit two oil berths at Sheskharis. The damage was inflicted to berth 1 and berth 1A, which handle 40,000-deadweight-ton and 140,000-deadweight-ton tankers respectively.
Two of the sources said the Sierra Leone-flagged Arlan oil tanker was also hit during the attack.
"Novorossiysk suffered the most," Veniamin Kondratyev, the governor of the Krasnodar region, where Novorossiysk is located, said on social media.
"Overnight, more than 170 people and 50 pieces of equipment dealt with the aftermath of the attack, quickly extinguishing fires and assisting residents," he said.
Three injured crew members of the damaged boat were being treated in hospital, Kondratyev said.
Local officials later said that a fire at an oil depot at the Sheskharis terminal, which handles crude oil and oil product exports, had been extinguished.
Coastal structures had also been damaged, they said, without providing details.
Reuters could not verify the accounts of the attacks and there was no immediate comment from Ukrainian officials.
(Reporting by Reuters, additional reporting by Jonathan Saul in London; editing by Mark Heinrich and Susan Fenton)
Oil export refers to the sale and shipment of crude oil from one country to another, which is a significant source of revenue for oil-producing nations.
A drone attack involves the use of unmanned aerial vehicles (UAVs) to strike targets, often used in military contexts to target infrastructure or personnel.
The Black Sea port of Novorossiysk is a major Russian port for oil exports, playing a crucial role in the global oil supply chain.
A Ukrainian drone strike refers to military operations conducted by Ukraine using drones to target specific locations, often aimed at disrupting enemy infrastructure.
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