Bloomberg: Russian oil supplies through the port of Ust-Luga have stopped after drone strikes.
Oil supplies through the Ust-Luga port in Russia may be halted after an attack on a pump station. According to Bloomberg, the flow of oil through the Ust-Luga port stopped on January 29. One source reported that supplies fell to zero.
Information on maritime transport indicates that a tanker left the port early on Wednesday, after which signals from ships began to disappear. A representative of the Russian pipeline operator declined to comment on the situation.
A representative of the Ukrainian security service acknowledged that Ukrainian drones struck the Andreapol pump station on the Baltic Pipeline System-2, which feeds Ust-Luga, leading to the suspension of supplies.
The Ust-Luga port is one of the largest oil suppliers in Russia. In May 2019, about 650,000 barrels of oil per day passed through this port. The total volume of Russia's maritime supplies accounts for 20% of the total volume. The International Energy Agency forecasts an increase in the global oil surplus to 725,000 barrels per day by 2025.
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