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Exclusive-Kazakhstan's oil output rises 2% in May in defiance of OPEC+

Published on: Tuesday 20 May 2025

Exclusive-Kazakhstan's oil output rises 2% in May in defiance of OPEC+ MOSCOW (Reuters) -Kazakhstan's oil production has risen by 2% in May, an industry source said on Tuesday, an increase that defies pressure from OPEC+ on the Central Asian country to reduce its output. Kazakhstan has repeatedly breached its OPEC+ production quotas, citing the difficulty of telling Western oil majors, such as Chevron and ExxonMobil, to curtail their plans. The Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, has decided to speed up output increases, in part to punish members not complying with curbs by adding to downward pressures on international oil prices, OPEC+ sources have said.


News source: https://finance.yahoo.com/news/exclusive-kazakhstans-oil-output-rises-134659859.html

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