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Wednesday, March 12, 2025

OPEC+ Oil Production Surges as Kazakhstan Further Breaches Quota

 


OPEC+ crude production surged last month as Kazakhstan, which has long flouted the cartel’s output quotas, further breached its agreed limit.

The alliance’s output climbed by 363,000 barrels a day to just over 41 million barrels a day in February, according to a report from OPEC’s secretariat on Wednesday, preempting the group’s supply revival by two months.

https://www.bloomberg.com/news/articles/2025-03-12/opec-oil-production-surges-as-kazakhstan-further-breaches-quota

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