Oil loadings from Russia's Black Sea port of Novorossiisk have been suspended due to a resumed storm, affecting scheduled crude exports. The port failed to ship about 1.2 million metric tons of the initially planned 2.34 million tons of crude for November. Meanwhile, in the Platts window, there were no bids or offers for CPC Blend, Azeri BTC, or Urals oil. In a separate development, Indian refiners have resumed purchasing Venezuelan oil through intermediaries, with discussions between Reliance and PDVSA on direct sales following the easing of U.S. sanctions on Venezuela.

SOURCE: GOOGLE