Kazakhstan, 3 other OPEC+ adherents to raise compensation cuts in H1 2026

08.01.2026

OPEC-plus, the expanded cartel which includes Kazakhstan, Russia and Azerbaijan, looks to improve compliance amid oversupplied oil markets. The UAE, Iraq, Kazakhstan and Oman will implement output cuts totaling 829,000 barrels per day by June, three times higher than their previous pledge. Kazakhstan will account for the lion’s share of the cuts...