MNI: PBOC Net Injects CNY33 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1716 Tues; -1.53% Y/Y

MNI BRIEF: 5-Yr Inflation Expectation Highest Since May-NY Fed

MNI China Daily Summary: Monday, February 10

MNI BRIEF: PBOC'S Zou Promoted To Vice Governor Role

MNI BRIEF: China Steel To See Limited Impact From U.S. Tariffs

MNI: UK BRC JAN BY VALUE SHOP SALES LFL +2.5% YY, TOTAL +2.6% YY

EZ/UK T-Bill Calendar: Spain, Belgium, Finland Due Tuesday

EZ/UK Bond Supply Calendar: UK, IT, EU Syndications Upcoming

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Kazakhstan Waiting for OPEC+ Meet Before Adjusting Production

OIL
BulletEnergy BulletsCommodities

Kazakhstan is not planning to adjust its 2025 oil production forecast and will wait for the next OPEC+ meeting, Kazakh Energy Minister Almassadam Satkaliyev said on Wednesday Interfax reports.

  • "There are no trends towards an increase or decrease in production volumes for now, and we are planning the 96.2 million [tonnes] that the government has set for us," Satkaliyev said.
  • Kazakhstan overproduction has been a persistent problem for OPEC+ as it has struggled to find adherence to caps within the group. Russia and Iraq have been the other repeat offenders.
  • All of them are on a compensation plan but Kazakh production hitting a daily record high on Sunday draws questions around its commitment. The recent comments may be supporting lower prices on Wednesday. 
121 words

To read the full story

Close

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.

Kazakhstan is not planning to adjust its 2025 oil production forecast and will wait for the next OPEC+ meeting, Kazakh Energy Minister Almassadam Satkaliyev said on Wednesday Interfax reports.

  • "There are no trends towards an increase or decrease in production volumes for now, and we are planning the 96.2 million [tonnes] that the government has set for us," Satkaliyev said.
  • Kazakhstan overproduction has been a persistent problem for OPEC+ as it has struggled to find adherence to caps within the group. Russia and Iraq have been the other repeat offenders.
  • All of them are on a compensation plan but Kazakh production hitting a daily record high on Sunday draws questions around its commitment. The recent comments may be supporting lower prices on Wednesday.