Export Shifts Amid Pipeline Outage

Kazakhstan's oil output fell 6% in December due to a Ukrainian drone attack on the Caspian Pipeline Consortium terminal.
The CPC terminal near Novorossiysk suffered jetty damage during maintenance, leaving one of three moorings operational.
Tengiz oilfield output dropped 10% to 719,800 barrels per day in December.
Exports are rerouted to Baku-Tbilisi-Ceyhan and Kashagan to China to stabilize supply.
CPC carries 80% of Kazakhstan's oil, with Chevron, ExxonMobil, and Russia holding stakes.
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