Bad weather at Russia’s Black Sea port of Novorossiysk is delaying loadings and creating traffic congestion on the straits of the Black Sea leading to the Mediterranean, trading sources told Reuters. Early winter storms have delayed loadings at the Novorossiysk and Yuzhnaya Ozereyevka terminals and disrupted the schedules of crude deliveries of the Urals and CPC Blend grades in November and December, according to the sources.
“Weather conditions in Novorossiysk are terrible. Nearly every cargo loading has been delayed,” one source…Early Winter Disrupts Russia’s Black Sea Oil Exports
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