Kazakhstan’s energy ministry has announced adjustments to its oil production plan following recent attacks on the Caspian Pipeline Consortium (CPC) pipeline, which handles over 80% of the country’s oil exports. These disruptions follow previous interruptions at the Black Sea terminal that had already caused temporary production cuts. The security and geopolitical context of the region highlights the vulnerability of Kazakhstan’s energy infrastructure. According to market expectations, the probability of crude oil reaching a new all-time high by December 31 is estimated at 12.5%, compared to only 2.1% by September 30.
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