The key Russian oil export terminal at Novorossiysk was on fire early on Monday following an overnight drone attack, as Ukraine intensifies strikes on Russia’s oil infrastructure to reduce its export capabilities amid surging oil prices. The attack comes as another of Russia’s ports, Ust-Luga, resumed oil loadings after multiple days of disruptions due to drone attacks in the Leningrad region. But instead of offering some respite to global oil markets, the Novorossiysk terminal was set ablaze. The area at the port of Novorossiysk,…
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