Oil shipments through the CPC terminal at Novorossiysk are suspended after drone attacks heighten risks for tanker operators.
Kazakhstan has suspended crude oil exports through the Caspian Pipeline Consortium terminal at Russia’s Novorossiysk port. The halt follows a series of drone attacks on tankers in the Black Sea, which have deterred shipping companies from operating in the region.
The CPC pipeline, a key route for Kazakh crude, typically handles around 1.2 million barrels per day. Prior disruptions in the region have led to temporary supply constraints, though this marks the first full suspension linked to security risks.
No immediate market reaction was reported, but analysts warn of potential upward pressure on global oil prices if the outage persists.