Turkey cuts Russian oil imports as Black Sea export disruptions curb supplies, data shows

Turkey reduced oil purchases from Russian ports in July and plans further cuts in August following Ukrainian drone attacks that disrupted Russia’s Black Sea export terminals, per traders and LSEG shipping data. The disruption raises supply risk and could tighten oil flows into the region, making near-term energy pricing and trade volumes more volatile.

Analysis

Turkey reduced oil purchases from Russian ports in July and plans further cuts in August following Ukrainian drone attacks that disrupted Russia’s Black Sea export terminals, per traders and LSEG shipping data. The disruption raises supply risk and could tighten oil flows into the region, making near-term energy pricing and trade volumes more volatile.