Russia's key Black Sea port of Novorossiysk suspended oil and wheat exports after a major Ukrainian drone attack, causing global crude prices to jump on supply disruption fears.

The decline in exports is also partly due to a rise in shipments to domestic refineries as they return from maintenance, some of it unplanned because of Ukrainian drone attacks. Full-month exports for November will provide a clearer picture,

The UK is combating a bid by Russia to expand gas exports with a ban on maritime services relating to LNG. The action will "significantly reduce Russian exports of LNG and directly cut off access to the UK’s world-leading maritime services,

Refined fuel exports from Russia have tumbled to war-time lows, as a combination of refinery outages and tightening Western sanctions upend the country’s energy trade.

Russia's revenues from crude oil and refined products fell again in October due to lower export volumes and weaker prices, the International Energy Agency said on Thursday, adding that Russian oil exports have been holding up so far.