November 09, 2022 16:54 GMT
Daily Kazakhstan Production Above OPEC+ Target
Kazakhstan’s crude production is recovering after producing below OPEC+ target since March.
- A combination of maintenance shutdowns, leaks and problems at the CPC export terminal have reduce production.
- Daily production now exceeds the country’s output cap for the first time since March. Total output is about 80mbbls less than was permitted by OPEC+ targets so far this year.
- Caspian CPC Blend loadings are set to rise to 5.4m tons (1.42mbpd) in November from 1.08mbpd in October.