Kazakhstan Restarts Key Oil Exports After Black Sea Shutdown

Kazakhstan restarted crude exports via the Caspian Pipeline Consortium (CPC) on Monday, following a week-long suspension caused by drone attacks on its Black Sea marine terminal. Two tankers are now loading crude from the Tengizchevroil project at the Novorossiysk terminal, with producers resuming oil deliveries into the CPC system. This resumption could ease supply concerns, potentially stabilizing or slightly lowering crude oil prices, which might indirectly influence global inflation expectations and the cost of imports for Pakistan.

بحوالہ / Source: oilprice.com