Kazakhstan announces the stabilization of oil production again after sudden disruptions.
Kazakhstan said that oil production has returned to stable levels after drone attacks in the Black Sea region caused oil loadings via the Caspian Pipeline Consortium (CPC) to fall by about one-fifth during July.
The pipeline carries Kazakh crude to the Russian port of Novorossiysk, passing through roughly 2% of global oil supplies.
• CPC terminal operations have faced recurring disruptions since mid-July.
• The return of production to stability eases some concerns about supply disruptions.
• Any new escalation could quickly reflect in energy prices and financial markets. 📈
From my experience following the markets, geopolitical oil news sometimes moves faster than its impact on risky assets.
Do you think any new disruption in oil supplies could pressure $cl and the markets soon?
$CL
$BZ
#Bitcoin #Crypto #Oil #markets #BinanceSquare
Kazakhstan said that oil production has returned to stable levels after drone attacks in the Black Sea region caused oil loadings via the Caspian Pipeline Consortium (CPC) to fall by about one-fifth during July.
The pipeline carries Kazakh crude to the Russian port of Novorossiysk, passing through roughly 2% of global oil supplies.
• CPC terminal operations have faced recurring disruptions since mid-July.
• The return of production to stability eases some concerns about supply disruptions.
• Any new escalation could quickly reflect in energy prices and financial markets. 📈
From my experience following the markets, geopolitical oil news sometimes moves faster than its impact on risky assets.
Do you think any new disruption in oil supplies could pressure $cl and the markets soon?
$CL
$BZ
#Bitcoin #Crypto #Oil #markets #BinanceSquare
