Adverse weather conditions in the Black Sea region have severely constrained Russia's oil and products exports from the Novorossiisk terminal. Heavy storms since Friday have disrupted logistics, causing substantial delays in loadings and impacting the overall operations of the port. Sources reveal that despite the terminal briefly opening multiple times, significant progress in loadings has been impeded. Some oil tankers have reportedly been waiting to sail since early November, leading to expectations that a substantial volume of crude oil initially scheduled for November loading will be carried over to December. The November oil loading plan for Novorossiisk, initially set at 2.42 million metric tons, faces considerable challenges due to the ongoing weather-related disruptions.

SOURCE: GOOGLE