Kazakhstan Suspends Major Oil Exports as Black Sea Risks Escalate
Following a drone attack on the Caspian Pipeline Consortium (CPC) terminal along the Black Sea Coast, Kazakhstan has newly confirmed a halt to crude transfers there. "Kazakhstan is set to stop piping crude to a port on Russia’s Black Sea coast after a spate of attacks on tankers that's jeopardizing
Source: OilPrice.com
―
DW NOTE
Kazakhstan — which exports 1.6 million barrels a day, most of it through Black Sea terminals — has suspended major flows as Russian strikes on Ukrainian ports intensify. That removes another 2% of global supply from a market already missing 10–14 million barrels a day. WTI is at $82.89, up 10.8% this month but still 25% below its 2026 high, which tells you traders still don't believe the math.