Oil set for weekly rise amid Red Sea shipping attacks, Kazakhstan output cuts
BEIJING: Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint,…
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Summary
BEIJING: Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut. The Caspian Pipeline Consortium stopped receiving oil from Kazakhstan after suspending loadings because of attacks on tankers at the terminal, industry sources had said on Tuesday. Kazakhstan's energy ministry did not specify the scale of the production reductions, but one source said the country's biggest field had cut output by more than half.
Cross-referenced from 3 sources.
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BEIJING: Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut
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Reported detailssecondary facts, each attributed to its source
The Caspian Pipeline Consortium stopped receiving oil from Kazakhstan after suspending loadings because of attacks on tankers at the terminal, industry sources had said on Tuesday.
according to Channel News AsiaKazakhstan's energy ministry did not specify the scale of the production reductions, but one source said the country's biggest field had cut output by more than half.
according to Channel News Asia
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