Kazakhstan's June oil and gas output up 2% m/m, source says

Kazakhstan’s oil and gas condensate production increased 2% m/m in June to 8.59 million metric tons, equivalent to 2.16 million bpd versus 2.12 million bpd in May, based on preliminary data. The update is modest and likely more relevant to supply/commodity expectations than to broad market moves.

Analysis

Kazakhstan’s oil and gas condensate production increased 2% m/m in June to 8.59 million metric tons, equivalent to 2.16 million bpd versus 2.12 million bpd in May, based on preliminary data. The update is modest and likely more relevant to supply/commodity expectations than to broad market moves.