Ukrainian attack halts oil exports from Russia's Novo, affecting 2% of global supply, sources say
Russia's Black Sea port of Novorossiysk temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday, according to industry sources, after a Ukrainian missile and drone attack, Reuters reports.
The attack was one of the biggest on Russian oil-exporting infrastructure in recent months. It follows a ramping-up of Ukrainian strikes on Russian oil refineries since August, part of an attempt by Kyiv to degrade Moscow's ability to finance its war.
Long-range Ukrainian air and sea drone strikes have repeatedly disrupted Russian oil infrastructure this year, targeting Baltic and Black Sea ports, a trunk pipeline system, and a number of oil refineries.
Ukraine's General Staff said its forces had fired Neptune cruise missiles and used various types of strike drones in the attack on Novorossiysk "as part of efforts to reduce the military and economic potential of the Russian aggressor".
Ukraine said it separately struck an oil refinery in Russia's Saratov region and a fuel storage facility in nearby Engels overnight.
The Caspian Pipeline Consortium, which exports oil from Kazakhstan through the neighbouring Yuzhnaya Ozereevka terminal, suspended oil loadings for a few hours and then resumed them when the air alert was lifted, sources said.
It plans to export 1.45 million barrels per day this month from the Yuzhnaya Ozereevka terminal, around 15 kilometres (9 miles) southwest of Novorossiysk.
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