Oil Loadings News

Rosneft is diverting oil supplies to the Tuapse refinery from the Black Sea port of Novorossiysk after the terminal, which handles roughly 14% of Russia's crude exports, was heavily damaged in a drone attack, three sources said on Monday.A Ukrainian drone attack sparked a large fire at the Sheskharis oil terminal in the Novorossiysk port last week, damaging two of its main berths and forcing oil exports from the port to halt, according to the sources, who were familiar with the…

Russian oil producers have warned buyers they could declare force majeure on supplies from major Baltic Sea ports as Ukraine presses ahead with attacks on Russian energy infrastructure, two industry sources said on Friday.Ukrainian President Volodymyr Zelenskiy told Reuters this week that Kyiv was using long-range strikes to maintain pressure on Russia after international oil sanctions on Moscow were eased due to global supply disruptions caused by the Iran war.Ukrainian drones on Friday targeted the port in Ust-Luga, where a fire caused by a previous strike on Wednesday was still raging, the

Oil prices dropped about 8% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days and cited constructive talks to resolve hostilities in the Middle East, hours before a deadline that threatened to escalate the four-week-old war.Brent futures fell $8.92, or 8.0%, to $103.27 a barrel at 12:31 p.m. EDT (1631 GMT), while U.S. West Texas Intermediate lost $7.17, or 7.3%, to $91.06.Extreme price changes in…

Energy prices surged on Thursday after Iran struck the world’s largest LNG complex, causing damage that Qatar said could take five years to repair, as the energy sector's worst fears about the war launched by the U.S. and Israel on Iran came true.QatarEnergy CEO Saad al-Kaabi told Reuters the state-owned gas company may have to declare force majeure on long-term contracts to Italy, Belgium, South Korea and China after the attack meant a loss of around 17% of Qatar's liquefied…

Abu Dhabi state oil giant ADNOC has suspended crude loading operations at the United Arab Emirates port of Fujairah, a source familiar with the situation told Reuters on Monday, after a drone attack triggered fires at the key export terminal.Some loading at the hub restarted, two other sources said. Two of the three single point moorings, where tankers connect to load, were operational, one source said.ADNOC's crude terminals were targeted in the attack, one of the sources said.FUJAIRAH A CRITICAL EXIT POINT FOR UAE CRUDEFujairah…

Russia has been unable to capitalize on this week's surge in global crude prices, as days of Ukrainian drone attacks and harsh winter storms have sharply curtailed its capacity to export oil, industry sources said.Russia's Sheskharis oil terminal in Novorossiysk port suspended oil loadings on Monday after a Ukrainian drone attack left a fuel terminal ablaze and damaged dozens of buildings, Russian and Ukrainian officials and three trade sources said.Crude oil benchmarks rose about 8% on Tuesday…

Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed.Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday. Global oil prices rallied by more than 2% on supply fears after the attack.Two industry sources told Reuters on condition of anonymity that loadings had resumed.According to LSEG data…

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…

Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said.The United States and the United Kingdom last month imposed sanctions on Russia's second-largest oil company, complicating how it carries out its normal operations.The U.S. Treasury Department issued a licence giving companies until November 21. to wind down any…

Libya's National Oil Corporation (NOC) said oil exports were continuing without disruption following talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday."Operations are proceeding smoothly across all fields and ports after discussions with protesters who held demonstrations this morning at the Es Sider and Ras Lanuf ports," the NOC said in a statement on its Facebook page.According to five engineers and a shipping source, protesters had temporarily blocked oil loadings at the ports.

Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.Higher freight costs cut Russian oil sellers' revenues that are already under pressure from U.S. sanctions and complicated logistics, while a lack of vessels in the region during the winter season may lead to loading disruptions, traders said.On Jan. 10 the U.S.

Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened, analysts said.Feedstocks like high sulfur fuel oil and other heavy residues can be refined into higher value products such as gasoline and diesel using secondary units.But loadings of those products to the Gulf Coast, America's largest refining hub, fell by a third in August from the prior month to 260,000 barrels per day (bpd)…

Russia will increase oil exports via its western ports to 1.98 million barrels per day (bpd) in September, up by just 30,000 bpd from August, despite expected start of seasonal maintenance on Russian refineries, two trade sources said on Friday.Russia needs to supply its own market with enough crude oil to produce motor fuels essential to meet demand, but normally local refineries start large seasonal maintenance and cut runs, which leads to higher availability of crude oil for exports.Russia's August oil shipments from Primorsk, Ust-Luga and Novorossiisk will rise just 1.5% on a daily basis f

Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318,000 barrels per day (bpd), a 20% drop from the prior month and marking their lowest level since February 2019, data from tanker tracking firm, Kpler showed.Heavy fuel oil feedstocks like high sulfur fuel oil…

Russian ports are operating during more severe storms and easing restrictions for non ice-class vessels during winter, traders said and regulations showed, in an attempt to boost exports following disruptions from Western sanctions and harsh weather.Following the European Union oil embargo, Russia has to rely mostly on seaborne loadings, rather than westbound pipeline supplies via the Druzhba pipeline.Traders and analysts said the easing of restrictions carried technical and ecological risks, but could help Russia's revenues that are heavily reliant on oil.Russian pipeline monopoly Transneft,

Oil loadings from Russia's Black Sea port of Novorossiisk have resumed after being suspended due to a storm on Dec. 27, two sources familiar with the matter told Reuters on Thursday.The port will likely be able to ship all the crude volumes scheduled for December, as the weather has improved, the sources added.Oil loadings from Russia's Black Sea port of Novorossiisk were suspended on Wednesday.

Russia's Novorossiisk port resumed oil loadings after a severe storm on Thursday, two sources familiar with the port's operations told Reuters.The loadings started as the weather conditions improved after the storm had suspended exports since last week, one of the sources said.The nearby Caspian Pipeline Consortium (CPC) terminal, a main export route for Kazakhstan's crude oil, said on Thursday it had also resumed oil loadings.(Reuters - Reporting by Reuters; Editing by Kirsten Donovan)

Oil loadings from the Black Sea port of Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal have not resumed due to an ongoing storm forcing exporters to look for alternative routes, three sources familiar with exports told Reuters on Wednesday.Novorossiysk and the CPC terminal account for about 2 million barrels of oil per day (bpd) from Russia and Kazakhstan."A storm warning is in effect in Novorossiysk. It is raining, and the wave height is from two to four meters…

A severe storm in the Black Sea region has disrupted up to 2 million barrels per day (bpd) of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.Oil loadings from Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal in nearby Yuzhnaya Ozereyevka have been suspended since last week.Kazakhstan's largest oilfields - Tengiz, Kashagan and Karachaganak - are cutting combined daily oil output by 56% from November 27 as the storm disrupts loadings at CPC…

Insurance companies have notified charterers of ships operating in Russia's Black Sea ports of an increase in additional payments known as "war risk premiums", four traders said.A war risk premium was added to the common insurance costs for tankers last year after the start of Russia's military action in Ukraine, which Moscow calls a special military operation.Military actions in the Black Sea area of Russian and Ukrainian Black Sea ports have escalated since the grain export deal fell apart in mid-July.Most recently Russia reported several attacks at its Black Sea ports.

A Russian warship was seriously damaged in an overnight Ukrainian naval drone attack on Russia's Black Sea navy base at Novorossiysk, two sources said on Friday, after Russia said it had fended off the attack.The civilian port, which handles 2% of the world's oil supply and also exports grain, temporarily halted all ship movement before resuming normal operations, according to the Caspian Pipeline Consortium which operates an oil terminal there. Russia's Defence Ministry said…

Russia's seaborne oil exports from Primorsk, Ust-Luga and Novorossiisk hit 4-year record of 2.4 million barrels per day (bpd) in May as domestic refineries maintenance season freed up extra barrels, Refinitiv Eikon data showed on Monday.Russia's oil exports have been growing steadily over the last couple of months even though the state pledged additional cuts in line with OPEC+ members. Saudi Arabia has recently announced a deep cut to its output in July on top of a broader OPEC+ deal.Russian refineries cut runs in May amid major seasonal maintenance on most plants…

Oil loadings from Russia's key western ports in April will rise to the highest level since 2019, above 2.4 million barrels per day (bpd) despite Moscow's pledge to cut output, trading and shipping sources said.Russian crude exports and transit from the ports of Primorsk, Ust-Luga and Novorossiisk in Arpil will rise above 10 million tonnes, up from 9.7 million tonnes in March.Russia's Deputy Prime Minister Alexander Novak said on Feb.