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Russian Oil Exports Resume at Full Capacity Through Novorossiysk

Bloomberg Markets •
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Novorossiysk crude oil terminal resumed loading operations through all berths, marking a full restart of the facility after disruptions. The move signals a rebound in Russian oil flows through the Black Sea corridor, a critical route for the country's energy exports.

The terminal serves as one of Russia's most important export gateways. Restarting full operations through every berth removes a major chokepoint that had slowed shipments. Markets had been watching for this restart closely, given the terminal's role in moving Russian crude to global buyers.

For traders, the restoration of full operations at the facility removes a key bottleneck that had been constraining Russian crude exports. With all berths operational again, the port can handle its typical throughput volumes, which should help stabilize supply flows through the Black Sea corridor.