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Opec-Plus Keeps Oil Output Flat, Kazakhstan Climbs

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  • Crude oil production by the 22-member group remained steady in January at 40.63 million barrels per day.
  • Output by the 18 members with quotas grew by 110,000 b/d, putting them 66,000 b/d over their collective target.
  • The start of Kazakhstan’s expansion of its giant Tengiz field put the Central Asian producer 200,000 b/d above its monthly target.

Crude oil production by the 22-member Opec-plus in January was flat on a monthly basis at 40.63 million b/d, a preliminary assessment by ʶԳ shows.

Topics:
Opec-Plus Supply, Opec/Opec-Plus
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