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Kazakhstan says it will put its national interests first. It can’t cut output at its top oil projects—because they’re run by foreign majors, said the newly appointed energy minister. #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities
The good news is that Kazakhstan was already producing above its quota, limiting the direct impact of Kaz giving up on its quota for now. It remains to be seen how OPEC+ will respond. Charts from @Rory_Johnston
Kazakhstan breaking from OPEC+ $USO $UCO $BNO Oil turned lower after Kazakhstan said it will prioritize national interests over those of the OPEC+ alliance, a move that risks fueling further tensions within the cartel.
🇰🇿 This very much feels like the beginning of the end for #Kazakhstan as a member of #Opec+. Frustration towards it is already high. These last couple of weeks were critical for Astana to show some kind of effort to abide by its Opec+ quota. It just isn't happening. #oott
#Kazakhstan is fulfilling its #OPEC+ obligations and is working with the group to find “mutually acceptable solutions” to its oil production management, said Energy Minister Erlan Akkenzhenov. “Our participation in OPEC+ is an important tool for ensuring global stability,” the
Kazakhstan is fulfilling its OPEC+ obligations and is working with the group to find "mutually acceptable solutions" to its oil production management, Energy Minister Erlan Akkenzhenov said
#Kazakhstan is fulfilling its #OPEC+ obligations and is working with the group to find “mutually acceptable solutions” to its oil production management, said Energy Minister Erlan Akkenzhenov. “Our participation in OPEC+ is an important tool for ensuring global stability,” the
#Kazakhstan Is Working With #OPEC+ to Resolve Oil Output Issues #OOTT
