Reported about 9 hours ago
Kazakhstan's oil production rose by 2% in May, exceeding its OPEC+ quota, according to an industry source. This increase challenges OPEC+'s efforts to enforce production cuts, as the country struggles to manage demands from Western oil companies. Kazakhstan's production averaged 1.86 million barrels per day in the first half of May, up from 1.82 million in April. Despite pledging to comply with OPEC+ obligations, Kazakhstan's energy ministry noted that it would prioritize its national interests when it comes to production levels.
Source: YAHOO