Russia's Biggest Black Sea Oil Port Goes Quiet as Drone Threat Grows

Russia's largest Black Sea oil export terminal has effectively gone offline just days after drone attacks shut down the neighboring Caspian Pipeline Consortium terminal, tightening another artery that moves crude onto the global market.

The Sheskharis terminal at Novorossiysk hasn’t loaded a crude tanker since July 21, according to Bloomberg. Sheskharis exported an average of about 650,000 barrels per day during the first half of the year.