Oil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom

Oil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom

OIL prices strengthened on Monday (Feb 17) as an attack on an oil pipeline pumping station in the Caspian Sea slowed flows from Kazakhstan, while investors monitored developments of a possible Moscow-Kiev ceasefire agreement that could ease sanctions and increase global supplies. The US dollar index, which hovered near a two-month low after weaker-than-expected US…

Read More

Shrinking Caspian Sea Worries Secretive Turkmenistan

Shrinking Caspian Sea Worries Secretive Turkmenistan

On the Caspian Sea coast in Turkmenistan — one of the world’s most secretive states — Batyr Yusupov can no longer ferry his passengers between two ports. There is not enough water. “I used to go between Turkmenbashi and Hazar,” the 36-year-old ferry worker said of the ports separated by a small gulf on Turkmenistan’s…

Read More