Global refining margins soar as sanctions threaten Russian supplies
14 November 2025
Time to read: minutes
“Ukrainian drone attacks on the port of Novorossiysk have sparked new fears of oil supply flow disruptions as this port is the second largest oil export hub in Russia and comes on the heels of another major attack at Tuapse barely two weeks ago,” said June Goh, senior oil market analyst for Sparta Commodities.
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