Drone Attack on Key Pipeline Disrupts Global Oil Supply, Prices Edge Higher

A drone attack on the Caspian Pipeline Consortium (CPC) in southern Russia has disrupted global oil flows, reducing Kazakhstan’s exports by 30-40%. The attack, attributed to Ukrainian forces, targeted the Kropotkinskaya pumping station, damaging critical equipment and infrastructure. This pipeline, responsible for over 1% of daily global oil supply, carries crude from Kazakhstan’s Tengiz oilfield […]