3 April | 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: 31.12.2025 Expectation: 2000 pips
Buying USDJPY from 150.000
Yesterday at 11:20 AM 31
Period: 22.10.2025 Expectation: 840 pips
NVIDIA correction unlocks buying opportunities
Yesterday at 10:18 AM 26
Period: 30.11.2025 Expectation: 3800 pips
Buying EURUSD due to expectations of Fed rate cuts
Yesterday at 09:22 AM 39
Period: 21.10.2025 Expectation: 1200 pips
Double bottom suggests EURUSD reversal toward 1.175
Yesterday at 08:13 AM 29
Period: 22.10.2025 Expectation: 880 pips
USDCAD may correct amid escalating trade tensions
Yesterday at 07:58 AM 19
Period: 21.10.2025 Expectation: 7500 pips
Buying Bitcoin near support as price consolidates and US trade rhetoric eases
14 October 2025 54
Go to forecasts