Russia’s Oil Exports Face Delays As Tankers Take 70% Longer Route

Oil tankers carrying Russian oil appear to be avoiding the fastest Black Sea route to the Turkish straits and travel along the Georgian and Turkish coasts to avoid drone attacks from Ukraine, according to ship-tracking data compiled by Bloomberg.  In recent weeks, several ships linked to Russia have been hit by Ukrainian drones in the Black Sea. All targeted vessels were empty at the time of the strikes.   At least two tankers that have loaded oil from Novorossiysk, the Russian port on the Black Sea, have recently traveled along the Georgian and Turkish coasts instead of taking the shortest route to the Bosphorus Strait, according to the data compiled by Bloomberg.  The detour along the Georgian and Turkish coasts would add about 350 miles, or 70%, to the journey of an oil tanker from the port of Novorossiysk to the Turkish straits.  Crude oil exports from the Russian terminals on the Black Sea were much lower in November than originally planned as bad weather and Ukrainian attacks on infrastructure have delayed loadings and departures.  Ukrainian attacks have also crippled Russia’s fuel exports from the Black Sea ports in recent weeks.   Ukrainian drone attacks on refineries in southern Russia and the […]