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OPEC+ allows Kazakhstan to increase oil production in February and March

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Nurlan Nogayev , Kazakhstan Energy Ministry , Energy Ministry , Minister Nurlan Nogayev , காஸக்ஸ்டாந் ஆற்றல் அமைச்சகம் , ஆற்றல் அமைச்சகம் ,

Slick OPEC+ scheme boosts prices: Saudis cut, Russia, Kazakhstan raise

Oil prices climbed more than 4% on January 5 after OPEC+ reached an unusual production quotas agreement, with Saudi Arabia committing to cut the kingdom’s oil production by one million barrels a day while Russia and Kazakhstan were allowed to modestly increase production.
“Saudi Arabia agreed to cut and Russia and Kazakhstan were allowed to increase production. Obviously, it is usual development,”
Alexei Kokin, a senior oil and gas analyst at UralSib Financial Corp in Moscow, told New Europe by phone on January 6.
Following the meeting of the Organization of Petroleum Exporting Countries and other major oil producers led by Russia, a group known as OPEC+, the countries participating in the agreement decided to extend the current level of oil production cuts for February and March 2021, Kazakhstan’s Energy Ministry said in a statement. “At the same time, separate conditions were agreed for Kazakhstan and Russia, providing for a phased increase in production i ....

Saudi Arabia , United States , Alexei Kokin , Uralsib Financial Corp , Organization Of Petroleum Exporting Countries , Kazakhstan Energy Ministry , New Europe , Petroleum Exporting Countries , Energy Ministry , West Texas Intermediate , சவுதி அரேபியா , ஒன்றுபட்டது மாநிலங்களில் , ஆர்கநைஸேஶந் ஆஃப் பெட்ரோலியம் ஏற்றுமதி நாடுகள் , காஸக்ஸ்டாந் ஆற்றல் அமைச்சகம் , புதியது யூரோப் , பெட்ரோலியம் ஏற்றுமதி நாடுகள் , ஆற்றல் அமைச்சகம் , மேற்கு டெக்சாஸ் இடைநிலை ,