Group 1 - Kazakhstan's oil and condensate output fell by approximately 6% in early December due to storm damage and a temporary halt in CPC loadings, highlighting the immediate operational impact of reduced CPC capacity [2][4] - The CPC is critical for Kazakhstan, accounting for about 80% of its crude exports, and the disruption comes at a time when the country is trying to stabilize production after previous interruptions [2][3] - Kazakhstan is planning to increase domestic refining capacity through 2040 to reduce dependence on the CPC corridor and meet rising internal fuel demand, which is seen as a central strategy for diversifying away from export bottlenecks [3] Group 2 - Limited loading volumes have continued during repair work at the CPC terminal, but recent reductions indicate that storage and scheduling constraints are leading to a broader pullback in upstream production [4] - Traders expect that loading constraints may persist until the terminal completes structural repairs and addresses the backlog of delayed loadings [4]