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CPC Loadings for August Slips on Tengiz Maintenance

OIL

Loadings of CPC Blend crude oil for August are expected to drop to about 1.15m bpd in August according to Bloomberg sources with knowledge of the schedule.

  • It compares with an estimated 1.35mn bpd for July.
  • The drop in output is expected as a result of planned maintenance at Kazakhstan’s Tengiz oil field.
  • Kazakhstan oil production has still not fully recovered after last week’s power cut halted activity for a short period.
  • Oil production was at 238,100 tons on Tuesday, compared to 252,600 tons on 2 July – just prior to the power cut. Production fell as low as 200,100 tons July 5.
Energy BulletsCommodities
Energy BulletsCommodities

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