Article

The Caspian Pipeline Consortium terminal on the Black Sea resumed full loading capacity on January 21, 2024, following maintenance on a mooring point, crucial for exporting crude oil from Kazakhstan. This comes as severe winter storms in the U.S. have disrupted crude and natural gas production, resulting in estimated losses of 250,000 barrels per day and increased volatility in energy prices. The situation highlights the vulnerability of energy infrastructure to extreme weather events.