Kazakhstan continues consultations on further oil output cut

Kazakhstan continues consultations on further oil output cut

Kazakhstan, in cooperation with oil producing companies, continues monitoring and consultations to ensure compliance with its commitments under the OPEC+ agreement, according to the Kazakh Energy Ministry. As previously noted, the country will extend voluntary oil output cuts by 78,000 barrels per day until the end of December 2024. This precautionary measure has been agreed upon with the member countries of the cartel.