Kazakhstan Has More Than Halved Its Oil Output To 1M Barrels/Day On Sunday From June Average Production Of ~2.16M Barrels/Day Due To Caspian Pipeline Consortium Export Terminal Closure
– Reuters
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Why It Matters
Kazakhstan, a big oil producer, suddenly cut its oil output in half because a major pipeline terminal shut down. This means less oil is being sold to the world right now, which can affect oil prices and energy companies that depend on that supply.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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