Return of the Black and Gold: Novorossiisk Seth Littrell’s Previous Experience Paves the Way for OU’s Air Raid Offense in Alamo Bowl 2024 with Jackson Arnold”
Oil loadings from Russia’s Black Sea port of Novorossiisk have recommenced following a temporary suspension due to a storm on December 27, according to two sources familiar with the matter. The improved weather conditions have allowed the port to resume operations, and it is anticipated that all crude volumes scheduled for December will be shipped.
Novorossiisk
The suspension of oil loadings from Novorossiisk on December 27 was a precautionary measure in response to adverse weather conditions. However, with the weather now improved, the port can proceed with its planned crude shipments. Meanwhile, CPC Blend exports via the nearby terminal of the Caspian Pipeline Consortium (CPC) resumed on the same day as the suspension at Novorossiisk.
December loadings from Novorossiisk were revised down from the initial estimate of 2.14 million metric tons to 1.72 million metric tons. This adjustment was made to accommodate postponed November exports that were delayed due to earlier inclement weather. Shipping and trading sources provided this information, highlighting the impact of severe storms in the Black Sea region on oil exports from Kazakhstan and Russia, disrupting up to 2 million barrels per day (bpd).
The resumption of oil loadings at Novorossiisk is a positive development for the region’s oil exports, and it aligns with the ongoing efforts to mitigate the disruptions caused by adverse weather conditions. As weather conditions continue to stabilize, the port is expected to fulfill its crude shipping commitments for the month of December, contributing to the overall stability of oil export operations in the Black Sea region.
