Iraq's Kirkuk crude flows to the Ceyhan port of Turkey stopped on the 9th of March, according to sources
Newsquawk Staff ·
Iraq's Kirkuk crude flows to the Ceyhan port of Turkey stopped on the 9th of March, according to sources.
What it means
The halt in Kirkuk crude flows to the Turkish port of Ceyhan is a significant supply-side disruption that could impact global oil prices. This interruption may tighten supply for both WTI and Brent, potentially leading to upward pressure on prices as traders assess the implications for overall inventory levels and market balance.
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