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Breaking Posted 5 hours ago

Kazakhstan cuts oil output; North Sea premiums surge $3-6/bbl

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Kazakhstan reduced crude production after Ukrainian attacks halted the CPC pipeline, forcing European refiners to scramble for North Sea and Mediterranean barrels. Physical differentials jumped $3–6 per barrel. Tighter European energy supplies may support EUR and weigh on USD if risk sentiment deteriorates; energy-sensitive commodity currencies (NOK, CAD) could see volatility.
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