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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.
OIL
Kazakhstan’s crude and condensate production in December increased to the highest level since February 2020, slightly surpassing its OPEC target, according to Bloomberg.
- Total output of crude and condensate for December rose to 8.07mn t, or 1.9mbpd, up from 1.89mbpd in November and the highest level since February 2020.
- Excluding condensate, the country’s December crude production is estimated at 1.64mbpd, slightly above its OPEC+ allocation for a second straight month, after eight months of below-target flows.
- Kazakhstan plans to boost crude and condensate production to 90.5mn t this year from 84mn t in 2022, with exports set to rise to 71mn t from 64.8mn t.
- Shipments of CPC crude were expected to be about 57mn t in 2022, below an initial plan of 63mn t.
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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