Kazakhstan can raise oil production in December to 1.569 million barrels per day, up from the November cap of 1.563 million. Eight OPEC+ nations made this decision on Nov. 2.
The total oil production increment for December was agreed at 137,000 barrels per day. Therefore, a 7,000-barrel-per-day increase is allocated to Kazakhstan. OPEC+ partners determined the increments based on «a steady global economic outlook and current healthy market fundamentals.»
Moreover, Saudi Arabia, Russia, the UAE, Iraq, Kuwait, Oman, Kazakhstan and Algeria decided to halt their oil production increments in January, February and March 2026.
From April...