Oil Prices Inch Higher on Caspian Supply Disruption and Cold Weather in the U.S.
Oil prices have risen due to a drone attack on a Russian pipeline and cold weather in the US, although potential US-Russia negotiations and the possible restart of Kurdish oil exports are creating price counter-pressures.
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.
Kazakhstan will seek contact with Ukraine in order to avoid any repeat of this week's Ukrainian drone strike in southern ...
Oil prices rose on Tuesday following a drone attack on a major Russian pipeline that carries a significant portion of Kazakh ...
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