Novorossiysk fully restores oil loading

Russia's main Black Sea port of Novorossiysk has fully resumed oil export operations after Ukrainian attacks damaged its Sheskharis terminal. According to Bloomberg, oil loading has now resumed at the key Berth No. 1, following the earlier restart of Berth No. 2 a week ago. The port, which shipped an average of about 540,000 barrels of oil per day in the first quarter, is a critical node for Russian energy exports. The restoration of both main berths indicates a significant recovery from the disruption caused by the strikes.