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OIL
Kazakhstan’s crude and condensate production recovered in December at around 1.84mn bpd in December, up from 1.78mn bpd in November according to Bloomberg.
- They rebounded after storms in the Black Sea calmed allowing CPC terminal flows to recover.
- Excluding condensate, December crude output is estimated at about 1.59mn bpd about 40kbd above its OPEC+ production 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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