Kazakhstan’s Oil Output Drops 6% After Damage Cuts CPC Export Capacity

Kazakhstan’s oil output has fallen sharply after damage at the Caspian Pipeline Consortium (CPC) export terminal disrupted flows, tightening supplies from one of OPEC+’s largest non-core contributors and forcing operators to curtail production, Reuters reported on Thursday. Output dropped in the first two days of December after storms and structural damage limited loading capacity at the Black Sea terminal, prompting producers to scale back throughput as storage filled. Kazakhstan’s oil and condensate output fell by…