MOSCOW/ASTANA: Kazakhstan said on Thursday it had reduced oil production after suspected Ukrainian drone attacks forced its main export terminal on the Black Sea to close, with one source saying its biggest field had slashed output by more than half. Disruption to the route, which handles around 2 percent of the world’s daily crude supply, adds to pressure on an oil market already grappling with the effective closure of the Strait of Hormuz and threats to Saudi Arabian exports via the Red Sea.

Kazakhstan suspended CPC pipeline oil exports to the Black Sea after Ukrainian drone strikes hit the Novorossiysk terminal, affecting over 80% of

Kazakhstan halts Black Sea oil exports after tanker attacks. WTI reaching $110 in July 2026 at 2.1% YES.