Kazakhstan’s Production Turns into Friction Point with OPEC+

Kazakhstan has been one of the “rogue” members of OPEC+, regularly producing more oil than it was supposed to under the bloc’s output cap agreement. Now, it seems that Kazakhstan has done it again, potentially heightening internal tensions within OPEC+. Reuters reported this week that Kazakhstan’s largest field, Tengiz, had hit record-high production levels since the start of the month. The publication cited unnamed sources for the information, which put Tengiz’s total at 699,999 barrels daily. The report followed…