Russian Oil Flows Rebound as Key Black Sea Port Fully Restarted
Loading resumes through all berths at Novorossiysk crude oil terminal
Russia shipped 3.61 million barrels a day of crude in the four weeks to May 17.
Photographer: Marcelo del Pozo/BloombergRussia’s crude exports from its Novorossiysk port on the Black Sea surged last week, following the restart of shipments from all crude berths for the first time since early April.
The resumption of full flows helped to stabilize nationwide four-week average shipments. On this basis, exports averaged 3.61 million barrels a day in the period to May 17, little changed from 3.64 million in the 28 days to May 10, tanker-tracking data compiled by Bloomberg show.