Signal · Commodities & Input Costs
Record Freight Costs Squeeze Russia's Black Sea Crude Exports
What the source reported
Source-reportedHeightened shipping threats from Ukrainian attacks and a shortage of tankers have pushed the freight costs for Russia’s crude oil exports from the Black Sea to record highs. In the week to September 6, the key tanker rate for shipping crude oil on an Aframax from the Black Sea port of Novorossiysk to West India and North China rose for the seventh straight week, by 2.7% and 3.1% from the week prior, respectively, Russian daily Kommersant reported on Monday, citing local pricing indexes. The cost to ship crude to India is now $23.20 per barrel…
- Publication
- Oilprice.com · Trade Publication
- Published
- 14th September 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 14th September 2026 · 15:58
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Material (45.0/100). Strongest contributor: Procurement Impact (18.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (37.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Likely Event Severity