Russia Struggles to Boost Oil Flows After Black Sea Port Hobbled
Another key site halted by drone strikes just as Baltic terminals ramp up
Russia shipped 3.22 million barrels a day of crude in the four weeks to April 12, with key Black Sea port halted by drone strikes.
Photographer: Ali Mohammadi/BloombergRussia is struggling to capitalize on soaring oil prices, with exports from its key Black Sea port halted just as flows from the Baltic recover after earlier Ukrainian drone strikes.
While shipments from the Baltic port of Ust-Luga resumed after multiple attacks in recent weeks, that came just as loading operations at Novorossiysk on the Black Sea were stopped by more raids. The terminal’s two largest berths remained out of operation for most of the week, with no sign of their imminent restart.