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
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 prices rallied by more than 2% on supply fears after the attack.
Long-range Ukrainian air and sea drone strikes have repeatedly disrupted Russian oil infrastructure this year, targeting Baltic and Black Sea ports, a trunk pipeline system, and a number of oil refineries.
UKRAINE ALSO FIRES CRUISE MISSILES, ZELENSKIY SAYS
Ukrainian President Volodymyr Zelenskiy said on Friday Kyiv had also fired long-range "Long Neptune" cruise missiles at targets in Russia overnight, adding that such strikes were getting more successful all the time. He mentioned no targets.
Russian pipeline oil monopoly Transneft has also been forced to suspend supplies to the port of Novorossiysk, the sources told Reuters. The company declined to comment.
The Caspian Pipeline Consortium, which exports oil from Kazakhstan through
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