The Caspian Pipeline Consortium (CPC) has stopped loading oil due to bad weather in the Black Sea; oil is being received from shippers at reduced rates due to the high filling of tanks, Report informs, citing the company.

“The captain of the seaport of Novorossiysk announced a storm warning, following which oil loading at the CPC marine terminal was stopped, tankers were diverted to waiting areas. The company’s tank farms are almost full. In this regard, oil is received from shippers at reduced rates,” said the company.