{"id":15499,"date":"2025-11-18T08:10:29","date_gmt":"2025-11-18T06:10:29","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/oil-slips-as-loadings-resume-at-russian-hub-markets-weigh-sanctions-impact\/"},"modified":"2026-02-27T16:27:41","modified_gmt":"2026-02-27T14:27:41","slug":"oil-slips-as-loadings-resume-at-russian-hub-markets-weigh-sanctions-impact","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-slips-as-loadings-resume-at-russian-hub-markets-weigh-sanctions-impact\/","title":{"rendered":"Oil slips as loadings resume at Russian hub, markets weigh sanctions impact"},"content":{"rendered":"<div class=\"x_elementToProof\">Brent crude futures were down 46 cents, or 0.72%, at $63.74 a barrel. United States (US) West Texas Intermediate (WTI) crude futures were down 45 cents, or 0.75%, at $59.46 a barrel.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">Russia&#8217;s Novorossiysk port resumed oil loadings on Sunday following a two-day suspension triggered by a Ukrainian missile and drone attack, according to two industry sources and LSEG-compiled data. Crude oil is trading marginally lower &#8220;as reports indicate that loadings have resumed sooner than expected at Novorossiysk,&#8221; IG Analyst, Tony Sycamore wrote in a note. Exports from Novorossiysk and a nearby Caspian Pipeline Consortium terminal, together representing about 2.2 million barrels per day, or roughly 2% of global supply, were halted on Friday, pushing crude up more than 2% that day.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">Traders are now refocusing on the longer-term impact of Western sanctions on Russian oil flows. Advertisement. The US Treasury said sanctions imposed in October on Rosneft and Lukoil are already squeezing Moscow&#8217;s oil revenues and are expected to curb Russian export volumes over time. ANZ Research said in a note that Moscow&#8217;s crude has begun trading at a significant discount to global benchmarks.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">&#8220;Market worries centre around the build-up of oil on tankers as buyers assess the risk of potentially breaching sanctions,&#8221; said Vivek Dhar, \u00a0Mining and Energy Commodities Strategist at Commonwealth Bank of Australia, but added that history has shown Russia&#8217;s ability to adapt to sanctions.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14054,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15499","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders continued to assess the impact of Western sanctions on Russian flows","published_date":"2025-11-18 00:00:00","news_description":"Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders continued to assess the impact of Western sanctions on Russian flows","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15499\/revisions"}],"predecessor-version":[{"id":19710,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15499\/revisions\/19710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14054"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15499"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}