Oil inches up on Kazakhstan supply disruption
Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, but gains were capped on the prospects of supply rising soon.
Oil Prices Slide After Streak of Gains
The Tuesday drone attack on the CPC pipeline, Kazakhstan’s key export conduit, has set a bullish tone for this week with four straight daily gains, but prices reversed course on Friday morning.
Crude oil prices rise on supply concerns
The market is weighing the impacts of sanctions, drone attacks on Russian oil infrastructure, and the reduction of CPC oil flows from Kazakhstan.
Crude Oil Posts a 1-Week High on Supply Uncertainty
Thursday closed up +0.32 (+0.44%), and March RBOB gasoline (RBH25) closed unchanged. Crude oil prices Thursday climbed to a 1-week high and settled moderately higher. Thursday's weaker dollar was supportive of energy prices.
Oil heads for weekly gain on supply jitters
Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine.
Oil Futures Gain on Supply Curtailments
Oil futures posted moderate gains on supply concerns including this week’s drone strike on a pumping station for a pipeline carrying crude from Kazakhstan to the Black Sea, and some North Dakota production being shut in by the freezing weather hitting much of the U.
Oil News: Traders Await Catalyst as Crude Tests Critical Pivot Area
Crude oil dips as easing Mideast tensions and rising U.S. inventories counter supply disruptions. Market awaits fresh ...
Crude oil drops to YTD low as OPEC expected to delay planned production hike
Crude oil closed at the lowest settlement price this year, fueled by near-term supply concerns and expectations that OPEC+ will postpone returning barrels to the market in April as planned.
Oil Set for Weekly Gains as Supply Concerns Weigh on Sentiment
Crude futures were edging lower in early trade but are still poised for weekly gains of more than 1.5% on rising supply ...
Crude Oil Prices3d
Oil Price Rise After Attack on Kazakhstan’s Key Oil Export Route
Oil prices rose on Tuesday following a drone attack on a major Russian pipeline that carries a significant portion of Kazakh ...
Russia says drone attack cut oil via Kazakhstan Caspian pipeline by up to 40%
Russia said oil flows through the Caspian Pipeline Consortium (CPC), a major route for supplying Kazakhstan and exporting to the global market, were reduced by 30-40% on Tuesday after a Ukrainian ...
GlobalSpec3d
Chevron achieves first oil at Future Growth Project in Kazakhstan
The Tengiz oil field, located in western Kazakhstan, ranks as the world’s deepest producing supergiant oil field and the ...
Nasdaq1d
Crude Oil Prices Rise on Supply Risks
Crude oil prices on Wednesday traded higher, extending Tuesday's gains that were driven by a drone attack on a Russian pumping station that could reduce Kazakhstan crude oil exports by 30%.
Oil rises for third day on US fuel stocks draw, worries about Russia disruptions
Oil prices settled higher on Thursday, marking a three-day streak of gains, after data showed gasoline and distillate ...