Oil flows from northern Iraq’s Kirkuk fields to Turkey’s Ceyhan export terminal have dropped sharply following a wave of drone attacks targeting energy infrastructure in the region, via Kpler
Full Post: "Oil flows from northern Iraq’s Kirkuk fields to Turkey’s Ceyhan export terminal have dropped sharply following a wave of drone attacks targeting energy infrastructure in the region. Industry sources confirmed to Kpler on Monday that crude shipments through the Kirkuk–Ceyhan pipeline are currently running at around 9Kbd, a dramatic decline from approximately 230Kbd recorded just a few days ago. "
The sharp decline in oil flows from northern Iraq's Kirkuk fields to Turkey's Ceyhan export terminal following drone attacks signals a significant supply disruption. This reduction from 230K barrels per day to about 9K barrels could lead to upward pressure on WTI prices as the market reacts to potentially tighter supply conditions if the situation escalates further.