Oil supplies from the Black Sea ports of the Russian Federation are stable – traders


This material was produced in Russia, where it is prohibited by law to cover the special military operation of the Russian Federation in Ukraine

MOSCOW, July 24 (Reuters) – Oil shipments from Russia’s Black Sea ports remain stable despite rising tensions in the region, three industry sources familiar with the ports told Reuters on Monday.

Chernomorski Novorossiysk and the nearby Caspian Pipeline Consortium (CPC) terminal in Yuzhnaya Ozereyevka are the two main southern oil export ports, handling approximately 2 million barrels of oil per day.

“Ports are operating normally,” one trader said.

According to the ship tracking system at the Refinitiv terminal, 80,000 tons of Urals oil were loaded on the Flavin tanker in Novorossiysk on July 22. Another ship, Pagos, with 140,000 tons of Urals, left the port on Monday, July 23.

At the CPC terminal on July 22-23, two tankers, Seavoyager and Valfoglia, took on board 100,000 and 93,000 tonnes of CPC mixture respectively.

According to sources, freight rates on the Black Sea have not changed yet.


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