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OIL
Kazakh crude and condensate production fell in August – a second consecutive month as power outages and maintenance at Tengiz hit production levels.
- Total crude and condensate production was estimated at 7.07mn tons or 1.66mn bpd according to Bloomberg calculations of government data.
- That’s down from 1.72mn bpd in July.
- The Tengiz project, Kazakhstan’s biggest producer, began planned maintenance in August.
- Excluding condensate, the country’s August crude production is estimated at 1.41m b/d, 144k b/d below its reduced OPEC+ target.
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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