Oil Markets

In what was the first direct hit from drone attacks on the Caspian Pipeline Consortium route since the onset of Russia's invasion of Ukraine in 2022, close to 1.5 million b/d of crude output from oil giant Kazakhstan has been brought into the spotlight. The development comes with an uptick in broader energy infrastructure attacks and against a backdrop of US and Russian talks over the war’s near-term future. What impact does a damaged CPC pipeline have on crude oil markets in the Mediterranean and more frequent refinery attacks mean for products in the region?
Joel Hanley is joined by Nick Coleman, Elza Turner, and Luke Stuart to discuss the latest in this episode of the Platts Oil Markets podcast.

Links:
CPC Blend CIF Augusta vs. BTC Dtd Strip - AAHPL00
Azeri Light CIF Augusta vs. BTC Dtd Strip - AAHPM00
Dated Brent - PCAAS00

Kazakhstan's CPC Blend pipeline throughput cut by drone strike - Read more (subscriber content)
REFINERY NEWS: Russia's Syzran hit by drone strike, impact uncertain - Read more (subscriber content)
Putin tells Kazakhstan's partners to help repair CPC pipeline after attack - Read more (subscriber content)

Fujairah Bunkering & Fuel Oil Forum (FUJCON 2025) - More info