What caused the shutdown of Russia's Sheskharis oil terminal?

The Sheskharis oil terminal was shut down due to a Ukrainian drone attack that resulted in a fuel terminal fire and damage to nearby buildings.

How is severe weather affecting Russian oil exports?

Severe icy conditions have significantly reduced loading capacity at Baltic ports like Primorsk and Ust-Luga, and have also caused delays in the Caspian Pipeline Consortium (CPC) pipeline operations.

What is the status of the Druzhba pipeline?

Flows through the Druzhba pipeline, which supplies Hungary and Slovakia, remain halted, with accusations of blame being directed towards Ukraine and Russia.

Home / Business and Economy / Russia's Oil Exports Hit by Drones and Winter Storms

Russia's Oil Exports Hit by Drones and Winter Storms

4 Mar

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Summary

Ukrainian drone attacks halted oil loadings at Sheskharis terminal.
Severe weather conditions hampered crude oil diversion to Baltic ports.
Flows through the Druzhba pipeline to Hungary and Slovakia remain suspended.

Russia's Oil Exports Hit by Drones and Winter Storms

Russia's crucial oil export infrastructure is facing significant disruptions, preventing the nation from benefiting from a recent surge in global crude prices. Ukrainian drone attacks and severe winter weather have sharply reduced the country's capacity to ship oil.

The Sheskharis oil terminal in Novorossiysk port suspended operations on March 3, 2026, after a drone attack caused a fuel terminal fire and damage. As of March 4, 2026, the terminal, which was set to load approximately 500,000 barrels per day, remained shut, with loadings potentially resuming around March 5-6.