Kazakhstan, OPEC+ Hold Oil Production Levels Steady

photo: gazeta.ru

Kazakhstan, OPEC+ Hold Oil Production Levels Steady

OPEC+ countries, including Kazakhstan, have agreed to keep oil production levels unchanged until spring, reaffirming their commitment to market stability.

Alongside Kazakhstan, Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Algeria, and Oman confirmed their shared stance, pointing to stable global economic prospects and strong oil market fundamentals, The Caspian Post reports via Kazakh media.

The group cited low global inventories as a key indicator of market health, underscoring confidence that current supply levels remain appropriate amid ongoing economic uncertainties.

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Kazakhstan, OPEC+ Hold Oil Production Levels Steady

OPEC+ countries, including Kazakhstan, have agreed to keep oil production levels unchanged until spring, reaffirming their commitment to market stability.