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OIL: Black Sea CPC Blend Oil Loadings Rose 7.7% m/m in Jan

OIL

Black Sea CPC Blend oil loadings increased 7.7% m/m on a daily basis in January to 5.316m metric tons (1.36mb/d), according to Reuters sources.

  • CPC pipeline supplies increased in the month due to rising oil production amid expansion at the Tengiz oilfield.
  • Tengiz output hit 870kbpd in January, 45% higher than the field’s average output in 2024, according to Kazakhstan’s Energy Ministry and following the completion of maintenance mid month.
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Black Sea CPC Blend oil loadings increased 7.7% m/m on a daily basis in January to 5.316m metric tons (1.36mb/d), according to Reuters sources.

  • CPC pipeline supplies increased in the month due to rising oil production amid expansion at the Tengiz oilfield.
  • Tengiz output hit 870kbpd in January, 45% higher than the field’s average output in 2024, according to Kazakhstan’s Energy Ministry and following the completion of maintenance mid month.