The post Brent rises as attacks hit Russian energy assets – ING appeared on BitcoinEthereumNews.com. Oil prices are trading firmer this morning, with Brent up more than 1.1% at the time of writing, following additional attacks on Russian energy infrastructure over the weekend, ING’s commodity experts Ewa Manthey and Warren Patterson note. CPC loadings halted, Kazakhstan plans export reroute “The Caspian Pipeline Consortium (CPC) had to suspend loadings at its terminals after one of the moorings was damaged by Ukrainian attacks. The CPC terminal is located at Novorossiysk port in Russia, predominantly shipping Kazakhstan crude Oil. It’s been on the receiving end of several attacks recently. The latest incident saw Kazakhstan activate a plan to redirect exports. Shipments from the CPC terminal have averaged around 1.48m b/d so far this year, up roughly 200k b/d from last year, as the expansion of the Tengiz field in Kazakhstan supported exports.” “Adding support to the market is increasing supply risks for Venezuelan crude Oil after President Trump said he’s considering closing the airspace over the nation. This escalation between the US and Venezuela has the US carrying out strikes on boats it claims are carrying drugs, while also building its military presence nearby. Venezuela exports around 800k b/d, of which most of the crude Oil will head to China. Clearly, any further escalation puts this supply at risk.” “OPEC+ met over the weekend. The group stuck to its policy of keeping output steady over the first quarter of next year ‘due to seasonality’. This was largely expected. Meanwhile, the group will review the maximum sustainable production capacity of members, which will serve as a reference for 2027 production baselines. This could certainly lead to disagreement among members, with countries keen to secure higher baselines.” Source: https://www.fxstreet.com/news/oil-brent-rises-as-attacks-hit-russian-energy-assets-ing-202512010934The post Brent rises as attacks hit Russian energy assets – ING appeared on BitcoinEthereumNews.com. Oil prices are trading firmer this morning, with Brent up more than 1.1% at the time of writing, following additional attacks on Russian energy infrastructure over the weekend, ING’s commodity experts Ewa Manthey and Warren Patterson note. CPC loadings halted, Kazakhstan plans export reroute “The Caspian Pipeline Consortium (CPC) had to suspend loadings at its terminals after one of the moorings was damaged by Ukrainian attacks. The CPC terminal is located at Novorossiysk port in Russia, predominantly shipping Kazakhstan crude Oil. It’s been on the receiving end of several attacks recently. The latest incident saw Kazakhstan activate a plan to redirect exports. Shipments from the CPC terminal have averaged around 1.48m b/d so far this year, up roughly 200k b/d from last year, as the expansion of the Tengiz field in Kazakhstan supported exports.” “Adding support to the market is increasing supply risks for Venezuelan crude Oil after President Trump said he’s considering closing the airspace over the nation. This escalation between the US and Venezuela has the US carrying out strikes on boats it claims are carrying drugs, while also building its military presence nearby. Venezuela exports around 800k b/d, of which most of the crude Oil will head to China. Clearly, any further escalation puts this supply at risk.” “OPEC+ met over the weekend. The group stuck to its policy of keeping output steady over the first quarter of next year ‘due to seasonality’. This was largely expected. Meanwhile, the group will review the maximum sustainable production capacity of members, which will serve as a reference for 2027 production baselines. This could certainly lead to disagreement among members, with countries keen to secure higher baselines.” Source: https://www.fxstreet.com/news/oil-brent-rises-as-attacks-hit-russian-energy-assets-ing-202512010934