Kazakhstan and OPEC+ tentatively maintain December quotas On November 1, seven key OPEC+ members — Russia, Saudi Arabia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — held an online meeting and tentatively agreed not to change production levels for December; No final announcement yet, sources tell Reuters. For Kazakhstan, this means maintaining production at current limits until the end of the year; A planned update of the quotas is expected when preparing plans for 2027 and depends on the recalculation of the production capacity. The reasons for the alliance's cautious approach are the return of supplies from the Persian Gulf after continuous disruptions and adjustments: 1.65 million barrels per day were returned in September, and a package of cuts of about 2 million barrels per day is in effect until the end of 2026. About 80-82% of Kazakhstan's exports (about 64.8 million tons per year) go through the Caspian Pipeline Consortium, so the decision provides predictability for supply and prices. There is still no official confirmation of the results of the meeting. Tolper. Media.

Kazakhstan and OPEC+ tentatively maintain December quotas On November 1, seven key OPEC+ members — Russia, Saudi Arabia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — held an online meeting and tentatively agreed not to change production levels for December; No final announcement yet, sources tell Reuters. For Kazakhstan, this means maintaining production at current limits until the end of the year; A planned update of the quotas is expected when preparing plans for 2027 and depends on the recalculation of the production capacity. The reasons for the alliance's cautious approach are the return of supplies from the Persian Gulf after continuous disruptions and adjustments: 1.65 million barrels per day were returned in September, and a package of cuts of about 2 million barrels per day is in effect until the end of 2026. About 80-82% of Kazakhstan's exports (about 64.8 million tons per year) go through the Caspian Pipeline Consortium, so the decision provides predictability for supply and prices. There is still no official confirmation of the results of the meeting. Tolper. Media.