The world oil prices on Tuesday grow in the morning, while investors retain concerns with its exports from Kazakhstan, testifying these bidding, reports Russian publication Prime.
The cost of March futures on Brent is growing by 0.43%, to $ 81.22 per barrel, February futures on WTI – by 0.63%, to $ 78.73.
According to the newspaper The Wall Street Journal, the rise in oil prices is now due to concerns about the interruptions of its supply from Kazakhstan. Mass protests in Kazakhstan began on the first days of the year – residents of the cities of Zhanaozen and Aktau in the west of the country opposed the two-time increase in liquefied gas prices. Later, the protests spread to other cities. Oil in Kazakhstan is just mined mainly in the West of the country, in Caspiani. And the oil pipeline system of the Caspian Pipeline Consortium (CCC) is the largest route of oil transportation from the Caspian region to world markets. The main pipeline with a length of 1.5 thousand kilometers connects the deposits of Western Kazakhstan with the Russian coast of the Black Sea.