Russia's Black Sea's Sheskharis terminal halts loadings after drone attack, sources say


April 7 (Reuters) - Crude ⁠oil exports from Russia's Sheskharis terminal in the ⁠Black Sea port of Novorossiysk were suspended after ‌a massive drone attack and a fire, two sources familiar with the matter said on Tuesday.

The terminal, which typically loads 700,000 barrels ​per day of crude, is Russia's ⁠major oil outlet in ⁠the Black Sea. Its suspension will addto the strain on ⁠Russian ‌infrastructure, which has been repeatedly attacked.

Russia's major Baltic Ust-Luga port's oil exports have also been ⁠suspended since last week after heavy drone ​strikes and fires, ‌industry sources said.

Sources have told Reuters that Russia ⁠will be ​forced to cut its output as supplies build up and storage fills, when international demand for alternatives to Middle ⁠Eastern crude is high and it ​could be maximising the benefit to its economy of a surge in oil prices caused by the Iran war.

The ⁠two sources familiar with the situation could not be named because of the sensitivity of the issue. They said the port had yet to estimate the extent ​of the damage.

An attack on the ⁠Black Sea terminal early in March led to the ​suspension of loadings for five days.

Novorossiysk ‌port loads Russian Urals and ​Kazakh KEBCO oil as well as sweet Siberian Light crude.

(Reporting by Reuters; editing by Barbara Lewis)

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