Freight rates for tanker shipments of Russia's flagship Urals crude from western ports to India, the grade's main market, have surged in August as strong demand for vessels and mounting security risks linked to carrying Russian oil drove up costs, three trade sources said.The rise in shipping costs is squeezing revenues of Russian oil exporters already grappling with Western sanctions and a difficult geopolitical environment…
The Russian Defence Ministry said on Tuesday that its forces had struck three cargo vessels carrying supplies for the Ukrainian military and a tanker at the Black Sea port of Pivdennyi.The ministry also said it had hit another cargo vessel in the nearby port of Odesa…
Russian wheat export prices fell last week, but some analysts said they regarded the prices as largely symbolic as shipments from southern ports have been virtually halted due to the escalating conflict with Ukraine. Export prices in the…
Russian Urals crude delivered to India has flipped to a premium against the dated Brent benchmark for the first time since May as stronger Asian demand coincides with tighter export availability, three trading sources said.Cargoes of Urals crude…
At least one cargo of gasoline from India has entered Russia's domestic market as Moscow seeks to ease fuel shortages caused by Ukrainian drone attacks on refineries, three industry sources told Reuters and LSEG shipping data showed.Russia has…
Crude oil exports from Russia's Sheskharis terminal at the Black Sea port of Novorossiysk were suspended on Friday following a drone attack, three sources familiar with the matter said, adding to disruptions at one of the country's key export outlets…
Firefighters were battling flames on Friday at Russia's Baltic Sea port Ust-Luga, a major energy exports hub, after a fire sparked by a drone attack, regional governor Aleksander Drozdenko said on messaging app Telegram.More than fifty drones were downed in the Leningrad region…
Ukraine has sent Russia an offer suggesting they both halt attacks on civilian targets in the Black Sea, a source said, after mounting strikes on vessels and ports there raised fears over global food supplies.The offer to suspend attacks was transmitted by Kyiv via a third party…
A major Ukrainian attack on Russia's Black Sea port city of Novorossiysk hit warships at a naval base and forced two major grain terminals to halt operations on Wednesday, according to Russian and Ukrainian officials as well as grain industry sources…
Ships are passing smoothly through the Turkish straits to the Black Sea despite heightened concerns about safety, two Turkish government officials told Reuters on Sunday.On Saturday, Bloomberg News reported that Ankara had restricted commercial…
'During the last two weeks of July, dirty tanker loadings from Russian Black Sea and Sea of Azov ports fell 62% compared to the previous four weeks’ average. Exports averaged 0.98 million barrels per day (mbpd) compared to 2.59 mbpd in the previous four weeks…
Oil shipments from Russia's western ports are set to increase 4% in August from July as drone attacks on domestic refineries make more crude available for exports, while strong demand in Asia encourages sellers to load more, two traders said…
Chicago Board of Trade wheat futures rose on Monday, reversing earlier weakness on fears that intensified fighting between Russia and Ukraine would further disrupt Black Sea exports.Corn and soybean futures turned higher, though prices remained…
Russia's main grain lobby group warned on Friday that Ukrainian drone attacks on Russian ships and ports could shut down grain exports via the Black Sea in the near future, pushing up prices and causing hunger in Africa and the Middle East.Russia…
Russia's oil exports from western ports are set to fall in July as repeated Ukrainian attacks in the Black Sea disrupt loadings at Novorossiysk, three sources said, citing shipping and trading data.Exports of Urals, KEBCO and Siberian Light…
