3 April 2025 | Oil

Black Sea oil exports are subject to additional Russian restrictions

Black Sea oil exports are subject to additional Russian restrictions

An oil export hub in Novorossiysk has been shut down for 90 days due to Russian government orders. The decision comes just a day after OilPrice.com reported that two of the three moorings at the major terminal for Kazakh oil had been temporarily halted.

The Ministry of Transport performed a series of safety checks on fuel loading at Transneft, a state-owned monopoly. After all relevant tests were completed, the Novorossiysk Commercial Sea Port (NCSP) suspended oil exports from Berth No. 8 for three months.

This halt is part of a larger effort that includes unannounced inspections by Rostransnadzor, triggered by a crude oil spill in the Kerch Strait. Such measures are designed to ensure that safety regulations are being followed at the terminals.

The NCSP group has been ordered to rectify all identified violations by June 30. Nevertheless, analysts do not expect significant disruptions to domestic fuel exports, as the affected port does not receive much traffic. Bloomberg reports that none of the 23 tankers loading Russian oil in March 2025 used Berth No. 8, suggesting that the overall impact on export operations is likely to be limited.

Anton Volkov MarketCheese
Period: 04.10.2026 Expectation: 3800 pips
Go short on GBPUSD with downside potential to 1.31500
Today at 09:37 AM 13
Period: 18.09.2026 Expectation: 600 pips
Buy Brent crude up to $100
Today at 06:36 AM 19
Period: 03.10.2026 Expectation: 5100 pips
Sell USDJPY down to 152.00
Yesterday at 10:22 AM 31
Period: 03.10.2026 Expectation: 175 pips
Invest in ETHUSD up to $2,565
Yesterday at 08:13 AM 18
Period: 30.09.2026 Expectation: 13000 pips
Go long on Brent crude with $99.50 target
02 September 2026 33
Expectation: 1200 pips
SPX sell-off targets 7,500
02 September 2026 24
Go to forecasts