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Kazakhstan Stops Piping Oil To Black Sea After Spate Of Ukraine Drone Tanker Strikes
Kazakhstan Stops Piping Oil To Black Sea After Spate Of Ukraine Drone Tanker Strikes
Update(0803ET): This development certainly isn't going to help global oil prices stay down... Following a drone attack out of Ukraine days ago on the Caspian Pipeline Consortium (CPC) terminal along the Black Sea Coast, Kazakhstan has newly confirmed a halt crude transfers there.
"Kazakhstan is set to stop piping crude to a port on Russia’s Black Sea coast after a spate of attacks on tankers that's jeopardizing the landlocked Asian country’s ability to produce oil," Bloomberg reports Tuesday...
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May 13, 2026 / Tyler Durden
Yields Spike As Producer Prices Explode Higher In April
Yields Spike As Producer Prices Explode Higher In April
After yesterday's hotter than expected CPI (driven in large part by Energy, but seeing some contagion into Services costs), this morning's Producer Price print for April was expected to show a major surge in annual wholesale inflation.
With the eight straight monthly increase, PPI rose by a massive 1.4% MoM (vs +0.5% MoM exp) - the biggest MoM jump since March 2022, lifting PPI by a stunning 6.0% YoY (vs 4.8% YoY exp). That is the hottest PPI YoY since Dec 2022...
Source:...
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Jun 12, 2026 / Tyler Durden
China Is Learning To Use Less Oil, And That's A Bigger Deal Than It Sounds
China Is Learning To Use Less Oil, And That's A Bigger Deal Than It Sounds
By Julianne Geiger of OilPrice.com
Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable.
It can get by on less fuel than anyone thought.
China's gasoline and diesel demand has been falling for years as electric vehicles gained market share and economic growth slowed. But the latest drop has surprised even seasoned observers.
According to Reuters, gasoline sales at Sinopec, China's...
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Jul 6, 2026 / Tyler Durden
Nvidia Turns Green After Denying Report Its Kyber Server Rack Has Been Delayed
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