Oil exports from Novorossiysk are 10 days behind schedule in March due to drone attacks and storms, according to reports
Newsquawk Staff ·
Oil exports from Novorossiysk are 10 days behind schedule in March due to drone attacks and storms, according to reports.
What it means
The delay in oil exports from Novorossiysk can strain supply chains, which may elevate crude prices if the disruptions are prolonged. This situation could also heighten volatility in the energy market, reflecting concerns about reliability and potential scarcity, especially given the geopolitical backdrop. Traders should monitor the implications for WTI prices and related energy assets.
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects
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