CPC Disruptions Drive Europe’s Oil Deficit Despite Global Oversupply

CPC Disruptions Drive Europe’s Oil Deficit Despite Global Oversupply

The Astana Times provides news and information from Kazakhstan and around the world. ALMATY – Europe’s oil market is tightening sharply, defying expectations of a global surplus, as reduced shipments from Kazakhstan via the Caspian Pipeline Consortium (CPC) emerge as the single most significant short-term disruption to regional supply, according to Bloomberg.  Oil drilling and pipelines. Photo credit: Gary Kavanagh / Getty Images “Smaller flows …