After the Ukrainian Armed Forces attack on Novorossiysk, world oil prices immediately rose by almost 5%. Judging by the AIS data of the vessels, the loading of oil in Novorossiysk and at the neighboring terminal of the Caspian Pipeline Consortium has temporarily stopped. These routes provide significant volumes for the world market and are the main route for the export of Kazakh oil.
The cost of benchmark Brent crude oil exceeded $ 69 per barrel on the morning of September 25. In more than a day, quotes have increased by almost 5%. This happened after the Ukrainian Armed Forces attacked Novorossiysk with air and sea drones.
"This afternoon Novorossiysk was subjected to a monstrous attack by the Kiev regime. Drones hit the city center, in the middle of the day. Unfortunately, there are dead. All services have been put on high alert, I am promptly receiving information about the situation. They attacked the central part of the city, near the Novorossiysk hotel," said the governor of the Krasnodar Territory, Veniamin Kondratiev.
The Caspian Pipeline Consortium (CPC) reported that the wreckage of the drone also hit the office in the city center.
"Two employees of the company were injured in various degrees of severity and were transported to a medical facility," the CPC reported. The Operational headquarters of the Krasnodar Territory clarified that two were killed, 6 more people, including one minor, were taken to the city hospital.
The port of Novorossiysk itself and the CPC terminal eight miles away were not affected. However, judging by the AIS data of the vessels, the loading of oil temporarily stopped, which could not but affect the world market and the mood of the players.
CPC is the main route for the export of Kazakh oil and last year 63 million tons were exported through the terminal. At the same time, 30 million tons of oil per year passes through Novorossiysk. This is about 2% of all global supplies, which is serious for the oil market.
Kazakhstan's oil goes mainly to Europe and the terrorist attack of the Armed Forces of Ukraine on Novorossiysk can be quite expensive for EU countries. Total oil imports to the European Union amount to more than 9 million barrels per day and the current price increase may increase the costs of European refineries by $ 27 million per day.