Brent crude oil prices stabilized in early Tuesday trading after a drone attack on Russia’s Kropotkinskaya pipeline station disrupted oil flows from Kazakhstan. Brent futures dipped 0.09% to $75.15 per barrel by 0137 GMT, while U.S. West Texas Intermediate (WTI) crude rose 47 cents to $71.21 per barrel, with Monday's WTI settlement delayed due to the U.S. Presidents' Day holiday.
The drone strike in Russia's Krasnodar region reduced shipments managed by the Caspian Pipeline Consortium, affecting Western companies like Chevron and Exxon Mobil. Despite the disruption, February’s Black Sea CPC Blend oil loading schedule remains unchanged, sources told Reuters.
Market fundamentals kept price reactions subdued. Analysts from BMI forecast Brent prices averaging $76 per barrel in 2025, reflecting a 5% decline from 2024 due to oversupply, tariffs, and trade tensions.
OPEC+ producers are not considering delaying scheduled oil supply increases starting in April, according to Russian state media. In December, OPEC had postponed raising output until April in response to weak demand and growing supply from non-OPEC sources.
The combination of geopolitical tensions and market oversupply continues to influence global oil prices.


Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Washington Post Publisher Will Lewis Steps Down After Layoffs
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 



