Overview
- Novorossiysk restarted oil loadings on Nov. 16 after a two-day suspension, with LSEG data showing the Suezmax Arlan and Aframax Rodos taking on cargoes.
- The Nov. 14 missile and drone strikes damaged two oil berths plus an oil depot, a container terminal, coastal facilities and a vessel, forcing a pause to shipments.
- The temporary shutdown halted exports of roughly 2.2 million barrels per day from Novorossiysk and the adjacent Caspian Pipeline Consortium terminal.
- Kazakhstan's energy minister said operations at the Sheskharis complex have been restored, with Kazakh crude flows interrupted only for hours before resuming.
- Oil prices rose about 2% on Friday on supply concerns then eased on Monday as loadings resumed, and reporting described the strike as the most damaging on the region's oil export infrastructure to date.