Kazakhstan to send 2.5mln tons of oil to Germany in 2026
Newsquawk Staff ·
- Will also ship 1.7mln tonnes of oil via the Baku-Tbilisi-Ceyhan in 2026.
- Sees oil shipments via CPC at 65mln tonnes this year.
What it means
Kazakhstan's commitment to send 2.5 million tons of oil to Germany in 2026 indicates a strategic shift in its export focus, possibly influencing European energy security. With additional shipments through the Baku-Tbilisi-Ceyhan route, this could tighten supply dynamics and impact pricing for WTI and Brent. Traders should watch how this affects market sentiment amidst ongoing supply concerns in the energy sector.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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