Market Chatter: Caspian Pipeline Consortium Halts Black Sea Oil Exports Amid Bad Weather
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The Caspian Pipeline Consortium has halted oil exports from the Black Sea terminal due to adverse weather conditions. Oil intake has also been stopped as reservoirs are full, with operations expected to remain limited until conditions improve. The consortium, which transports oil from Kazakhstan, has faced disruptions from a drone attack in November and export bottlenecks, contributing to a decline in Kazakhstan's oil production this month. The consortium has not commented on the situation.
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