Market Chatter: Exxon, Chevron-Backed Caspian Pipeline Shipments Stable Amid Attack Reports

MT Newswires Live04-07

Exxon Mobil- (XOM) and Chevron-backed (CVX) Caspian Pipeline Consortium is seeing stable oil shipments following an alleged military strike on a maritime loading infrastructure, Reuters reported Tuesday, citing Kazakhstan's energy ministry.

The Russian defense ministry claimed Ukrainian forces hit the Novorossiysk transshipment complex, damaging a consortium mooring point and sparking fires at four fuel storage reservoirs, the news agency reported.

Kazakhstan Deputy Energy Minister Sungat Yesimkhanov confirmed that both the domestic energy sector and the joint venture's export activities are operating without disruption, Reuters reported.

Chevron, the Caspian Pipeline Consortium, and the Kazakhstan government didn't immediately respond to MT Newswires' requests for comment, while Exxon couldn't be reached.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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