{"id":18945,"date":"2025-11-14T16:19:01","date_gmt":"2025-11-14T21:19:01","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=18945"},"modified":"2025-11-14T16:19:03","modified_gmt":"2025-11-14T21:19:03","slug":"petroleum-daily-report-11-14-2025","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-11-14-2025\/","title":{"rendered":"Petroleum Daily Report 11-14-2025"},"content":{"rendered":"\n

Oil prices climbed more than 2% on Friday as a Ukrainian drone strike on Russia\u2019s Black Sea energy hub forced the port of Novorossiisk to halt exports, raising fresh concerns about global supply. Brent crude settled $1.38 higher at $64.39 per barrel, while WTI gained $1.40 to $60.09 per barrel. On the week, Brent rose 1.2% and WTI edged up about 0.6%.<\/p>\n\n\n\n

The attack damaged storage tanks, apartment buildings, and a vessel docked in port, prompting Russia\u2019s Transneft to suspend pipeline deliveries to Novorossiisk \u2014 a facility that handles roughly 2.2 million barrels per day, or 2% of global crude supply. Analysts said the scale and frequency of Ukrainian strikes have heightened the risk of longer-term disruptions.<\/p>\n\n\n\n

\u201cThe hit on that Russian terminal was significant and appears to have had a larger impact than previous attacks,\u201d said Price Futures Group analyst Phil Flynn.<\/p>\n\n\n\n

Ukraine also reported new strikes on refineries and storage depots in Russia\u2019s Saratov and Engels regions overnight, further tightening expectations for refined product availability.<\/p>\n\n\n\n

Meanwhile, sanctions imposed by Washington on Rosneft and Lukoil continue to complicate Russian exports. JPMorgan estimated that about 1.4 million barrels per day of Russian crude\u2014nearly one-third of its seaborne volumes\u2014are now idling on tankers as traders face payment and delivery hurdles ahead of the November 21 sanctions deadline.<\/p>\n\n\n\n

In Europe, Britain issued a temporary license allowing continued operations at two Bulgarian subsidiaries of Lukoil, after Sofia moved to seize control of the assets.<\/p>\n\n\n\n

Elsewhere, U.S. oil rigs rose by three to 417 last week, according to Baker Hughes, underscoring continued resilience in domestic drilling even as prices fluctuate.<\/p>\n\n\n\n

Despite ongoing concerns about oversupply heading into 2026, this week\u2019s developments highlighted how geopolitical risks remain a key support factor for crude markets heading into the final months of the year.<\/p>\n\n\n\n

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