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OIL
Kazakhstan’s crude and condensate production rose to its highest monthly level since April – breaching OPEC+ commitments for the first time this year according to Bloomberg calculations.
- Total output of crude and condensate for October is estimated at 7.73m tons according to the calculations – equivalent to 1.82mn bpd, up from 1.78mn bpd in September.
- Excluding condensate – its production was 1.57mn bpd. Its OPEC+ commitment since May has been 1.55mn bpd.
source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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