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Russian Oil Producers Warn Buyers of Possible Force Majeure After Baltic Port Drone Attacks

The source says Russian oil exporters warned customers about possible supply disruptions as Baltic ports faced new Ukrainian drone strikes, raising concerns over export capacity and Asian energy markets.

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Terms & Concepts
  • Force majeure: A contract clause covering extraordinary events that may prevent a party from fulfilling delivery or supply obligations.
  • Oil export capacity: The maximum volume of crude oil or oil products that can be shipped through export infrastructure such as ports and terminals.
  • Drone attacks: Strikes carried out using unmanned aircraft, which can disrupt transport, energy, or industrial infrastructure.