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Russia’s Sheskharis oil terminal in Novorossiysk on the Black Sea will see oil exports limited for a couple of weeks after a Ukrainian drone attack last week, according to reports

The limitation on oil exports from Russia's Sheskharis terminal following a Ukrainian drone attack indicates heightened geopolitical tensions that could further strain energy supplies.

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Newsquawk Daily Economic Releases - 14th April 2026

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Russia’s Sheskharis oil terminal in Novorossiysk on the Black Sea will see oil exports limited for a couple of weeks after a Ukrainian drone attack last week, according to reports

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Context

This disruption may have implications for oil prices, pushing them higher, especially as global markets remain sensitive to supply concerns. Watch for potential safe-haven flows into gold and the impact on commodity-linked currencies like the CAD and NOK.

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