Kazakhstan extends voluntary oil production cut.

Kazakhstan extends voluntary oil production cut by 82,000 b/d in Q2 2024 as part of the OPEC+ deal, resulting in a production of 1.468 mb/d by the end of June. The additional volumes will be gradually returned to the market for market stability. Russia also plans to cut oil output and exports by an additional 471,000 bpd in Q2 2024, coordinating with some OPEC+ participating countries, to boost prices and maintain market stability.

March 03, 2024
16 Articles

Further Reading