Kazakhstan Crude Output Plummets by 11.8% in July: OPEC

OPEC has reported an 11.8% decline in Kazakhstan's crude oil production in July, according to data released by the organization.

The drop is based on the country's 'Declared Oil Consumption' (DoC) figure, which measures the amount of crude oil consumed domestically.

This decrease is a notable development for the global energy market, as Kazakhstan has been an important player in OPEC's production numbers.