Tag: Caspian pipeline disruption

Energy, Industries

Oil jumps 5% as Caspian pipeline disruption adds to supply fears

March 23, 2022


Oil prices jumped 5% to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. Brent crude futures were up […]