Storms halt Urals, CPC Blend oil loadings from Russia’s Black Sea ports -sources

Oil loadings from Russia’s Black Sea port of Novorossiisk and from a terminal of the Caspian Pipeline Consortium (CPC) have been suspended since Dec. 15 due to a storm, two sources familiar with the matter told Reuters.

Oil loadings on the December schedule from the port of Novorossiisk were revised down to 1.72 million metric tons from 2.14 million to make way for exports postponed from November following bad weather, shipping and trading sources said.

Severe storms in the Black Sea region have repeatedly disrupted up to 2 million barrels per day (bpd) of oil exports from Kazakhstan and Russia.
Source: Reuters (Reporting by Reuters; editing by Jason Neely)