A fire at Kazakhstan's Tengiz oil field has halted production, tightening supply and pushing Brent crude prices up to $65 per barrel. The Tengiz field, operated by Chevron, has a production capacity of 700,000 b/d. If production does not resume by the end of January, further price increases may occur due to reduced Kazakh supply.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue