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Novorossiysk Port Resumes Oil Exports After Ukrainian Attack

11/16/2025

27 4 Full Breakdown

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Zelensky Strikes Oil
  • Novorossiysk port resumed oil loadings on November 16 after a two-day suspension from a Ukrainian missile and drone attack.
  • The strike damaged two oil berths and halted exports at about 2.2 million barrels per day, affecting roughly 2% of global supply.
  • Global oil prices rose over 2% amid supply concerns.
  • Ukrainian President Volodymyr Zelensky claimed successful strikes on Russian targets.
  • In October, Novorossiysk exported 3.22 million tonnes of crude oil.
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