Crude exports via key pipeline through Russia to decline dramatically, operator warns

Crude exports via key pipeline through Russia to decline dramatically, operator warns

One of the world’s key crude routes, the Caspian Pipeline Consortium (CPC), suspended oil loading at its Black Sea marine terminal near Novorossiysk on Wednesday due to “critical” storm-caused damage to the equipment. Crude pumping has been reduced, with operations potentially fully halting in a day.

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