Monday, July 21, 2025
OPEC tensions build as Kazakhstan's oil production hits all-time high- oil and gas 360

OPEC tensions build as Kazakhstan’s oil production hits all-time high

(Oil Price)– Kazakhstan’s crude oil output jumped 7.5% in June to 1.88 million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd, and continues a pattern of months-long noncompliance that’s frustrating the group’s core members—especially Saudi Arabia. Total

Exclusive-Kazakh overproduction helped sway OPEC+ to approve output hike, sources say- oil and gas 360

Exclusive-Kazakh overproduction helped sway OPEC+ to approve output hike, sources say

(Investing) – DUBAI/MOSCOW/LONDON – As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure and a call from U.S. President Donald Trump, it was record output from Kazakhstan that helped sway the decision, sources told Reuters. OPEC and its allies including Russia, a group known as OPEC+, decided on