Global Oil Prices Rise Amid Supply Disruptions

Houston – Global oil prices surged on Tuesday local time (Wednesday WIB), driven by supply disruptions that affected international markets.

According to Investing.com on Wednesday (Feb 19, 2025), the price of West Texas Intermediate (WTI) crude oil for March 2025 delivery rose by USD 1.11, or approximately 1.6%, to USD 71.85 per barrel on the New York Mercantile Exchange.

Meanwhile, Brent crude oil for April 2025 delivery also gained 62 cents, or about 0.8%, reaching USD 75.84 per barrel on the London ICE Futures Exchange.

Supply Disruptions: Oil Flow Reduced by 380,000 Barrels per Day

The increase in oil prices followed a drone attack on a Russian oil pumping station, which is part of the Caspian Pipeline Consortium (CPC)—a key pipeline transporting Kazakh oil to global markets.

According to Russian Deputy Prime Minister Alexander Novak, the attack caused a 30-40% reduction in oil flow through the CPC pipeline, equivalent to a supply cut of approximately 380,000 barrels per day. This disruption has contributed to heightened volatility in global energy markets.

Temukan berita dan artikel lainnya di Google News