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11.04.26 - 16:06
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Novorossiysk Restarts Oil Loadings At Reduced Capacity After Drone Strike (ZeroHedge)
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Novorossiysk Restarts Oil Loadings At Reduced Capacity After Drone Strike
By Julianne Geiger of OilPrice
Russia has restarted limited oil loadings at its Black Sea port of Novorossiysk after a drone attack earlier this week forced a full suspension.
Operations at the Sheskharis terminal resumed late Thursday, but only one berth is currently active. A single cargo of roughly 80,000 tons is expected to depart, well below the terminal's normal capacity of about 700,000 barrels per day.
The restart comes after the Monday strike that caused fires at a fuel terminal and damaged loading infrastructure. Shipments were halted entirely. The loading schedule had since been cut, and there is no timeline for a full return to operations.
Fuel flows are also only partially back. Fuel oil loadings resumed Thursday, and at least one diesel cargo has been shipped since the attack, according to Reuters sources familiar with port activity. Novorossiysk is one of Russia's main export outlets on the Black Sea and...
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11.04.26 - 14:54
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"Oil Demand Is About To Spike... We′re Looking At A Volatile Summer" Says Schork (Bloomberg)
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Oil prices may have decreased, but with hundreds of millions of barrels having been taken off the market due to the Iran War, true relief is not quite on the horizon yet—even with a ceasefire in the region. The Schork Group's Co-Founder & Editor Stephen Schork joins Christina Ruffini and Tim Stenovec on Bloomberg This Weekend to discuss. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)...
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