Oil loadings on the December schedule from Novorossiisk port were revised down to 1.72 million tonnes from 2.14 million tonnes as the plan was shrunk to make way for exports postponed from November following bad weather, shipping and trading sources said.
Urals, KEBCO and Siberian Light crude loadings from Russia’s Black Sea port were suspended several times last month and early in December as a severe storm delayed loadings and Kazakhstan’s oil output declined.
Russia’s Black Sea port of Novorossiisk failed to ship some 1.2 million metric tons of the 2.34 million tons of crude initially scheduled for export and transit in November.
As of Friday, as Novorossiisk oil terminal continued oil loadings, about three cargoes from the November loading plan had yet to sail.
Source: Reuters reported by Reuters and edited by Jan Harvey
