Kazakhstan Defies OPEC+ Once Again ...Middle East

Kazakhstan’s oil production rose 2% in May, defying yet another OPEC+ quota and testing the limits of Saudi Arabia’s patience with overproducers. According to an industry source cited by Reuters, the country pumped an average of 1.86 million barrels per day (bpd) of crude in the first 19 days of May—well above its OPEC+ target of 1.486 million bpd. The increase comes after Kazakhstan’s energy ministry said earlier this month that there would be no cut to its crude and condensate levels—a cut which would be necessary…

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