Novorossiysk Port Resumes Oil Loading After Ukrainian Attack
17.11.2025 - 14:00
After a two-day break caused by a Ukrainian missile and drone attack, the port of Novorossiysk has resumed oil loading.
On Friday, November 14, the port of Novorossiysk temporarily suspended oil exports. Anonymous sources reported that loading resumed on November 16, writes Reuters.
According to LSEG, two tankers – the Suezmax Arlan class and the Aframax Rodos class – are currently loading oil at berths in the port of Novorossiysk.
In particular, according to the sources, a total of 1.794 million tons of oil products were exported through Novorossiysk in October.
At the same time, according to the agency, after the resumption of work, oil depots in Novorossiysk are recording a drop in oil prices. Thus, Brent oil futures fell by 53 cents, or 0.82%, to $ 63.86 per barrel. West Texas Intermediate (WTI) crude futures were trading at $59.53 a barrel, down 56 cents, or 0.93%, from Friday’s close.
Both indexes rose more than 2% on Friday, ending the week with small gains after exports to Novorossiysk and the nearby Caspian Pipeline Consortium terminal were suspended, affecting 2% of global supplies.
As a reminder, the main target of the Ukrainian attack was the “Sheskharis” transshipment complex, a strategic Transneft facility through which much of the Urals oil is shipped. Together with the Caspian Pipeline Consortium terminal, this complex exports more than 2 million barrels of oil per day — about 5% of global seaborne supplies.
