Russia says drone attack cut oil via Kazakhstan Caspian pipeline by up to 40%
Russia said oil flows through the Caspian Pipeline Consortium (CPC), a major route for supplying Kazakhstan and exporting to the global market, were reduced by 30-40% on Tuesday after a Ukrainian drone attack on a pumping station.
Drone Attack on Caspian Pipeline Could Cut Oil Volumes From Kazakhstan by 30%
The Kropotkinskaya facility of the Caspian Pipeline Consortium--which transports oil from Kazakhstan's Tengiz field to the Russian Black Sea port of Novorossiysk, where tankers are loaded for global distribution--was struck by several drones and taken out of service on Monday.
Oil prices rose on Tuesday as traders assessed the fallout from drone attacks on a key conduit for Kazakhstan's oil exports, ...
The potential ceasefire talks in the Russia-Ukraine war and trade war tension could drag the WTI lower.
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