Russia oil exports update - key Black Sea facility will resume operations

Last week a key oil terminal was ordered to stop exports:

• Russian court orders halt on CPC's Black Sea oil loadings for a month

That court order has been overturned, allowing exports to resume. (ps. this news was out overnight, its not fresh breaking now)

• The CPC terminal is on Russia’s Black Sea.
• It had been ordered to halt shipments for 30-days due to alleged environmental breaches.
• it has three moorings, each of which can load up to around 953,000 barrels a day
• usually two at a time are operational
• In June loadings from two of three CPC moorings were halted as Russian authorities removed World War II mines in the area. Operations returned only on July 1.

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term (please ignore, just for tech gremlins purposes)

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