Ukraine spares some Black Sea tankers under US-brokered oil deal
Why it matters: The CPC route handles about 2% of global crude, and Europe relies heavily on Kazakhstan-bound shipments from Novorossiysk.
Why it matters: The CPC route handles about 2% of global crude, and Europe relies heavily on Kazakhstan-bound shipments from Novorossiysk.
What's next: The increase completes the rollback of 2023 voluntary cuts, with the group set to meet again Sept. 6 on October output.
Series: Opec · September Oil Quota Hike · 2 chapters since Aug 2Why it matters: Brent hovered near $88 and tanker attacks from the Gulf to the Black Sea deepened fears of a wider energy shock.
What's new: Tokayev pushed a return to the 2022 Istanbul framework in a rare public appeal made beside Putin in Omsk.
Why it matters: Reliance on six-month visas for Kyrgyz, Tajik, Kazakh and Uzbek workers undercuts promises that leaving the EU would reduce foreign labor.