What is the current status of oil loadings at the Caspian Pipeline Consortium (CPC) terminal after recent attacks?

Four tankers have completed loadings at the CPC terminal on Russia’s Black Sea coast in recent days, with two having departed since Friday; at least three more were waiting nearby to load, though it was unclear if they had done so. Kazakhstan’s Energy Ministry confirmed that crude continues to flow to the terminal at about 100,000 tons per day (≈730,000 barrels/day) since August 1, and the marine terminal remains fully capable of pre-attack loading volumes—though actual export pace depends on tanker availability and weather conditions.

How have recent attacks affected tanker operations and costs at the CPC terminal?

Nine vessels loading oil at or near the CPC terminal were hit last month, prompting some shipowners to avoid the area; in response, daily tanker charter rates surged to $338,000—a near-doubling from a month earlier—according to the Baltic Exchange. While the attacks have created safety concerns and reduced tanker willingness to call, the higher earnings are now potentially incentivizing some owners to resume transits, contributing to the recent resumption of loadings.

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