Kazakhstan Suspends Major Oil Exports as Black Sea Risks Escalate

Following a drone attack on the Caspian Pipeline Consortium (CPC) terminal along the Black Sea Coast, Kazakhstan has newly confirmed a halt to crude transfers there.

"Kazakhstan is set to stop piping crude to a port on Russia’s Black Sea coast after a spate of attacks on tankers that's jeopardizing the landlocked Asian country’s ability to produce oil," Bloomberg reports Tuesday morning.

"The CPC Terminal at the Russian port of Novorossiysk will stop accepting piped supplies because tanker companies are too nervous to…