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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.
OIL
Kazakhstan’s crude and condensate production edged lower to 7.81mn tons in March after an unplanned work the Tengiz oil field shut down operations at one production train according to Bloomberg.
- Total output of crude and condensate for March was 7.81m tons, equal to 1.84mbpd, down by 10kbpd, or 1.85mbpd in February. The country’s highest recorded production was 1.91mbpd in February 2020.
- Excluding condensate, the country’s March crude production is estimated at 1.58mbpd, 45kbpd below its OPEC+ target according to Kazakhstan’s Information-Analytical Centre of Oil & Gas.
- Output at Kazakhstan’s giant Tengiz oil field was curtailed because one of the deposit’s six production trains was briefly taken offline for what appeared to be unplanned work. A separate train was briefly out of action in February.
- The only planned work at Tengiz this year is due to be carried out in the third quarter.
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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