OPEC+ Keeps Kazakh Oil Target Unchanged Amid Global Market Review

OPEC+ has maintained Kazakhstan's October oil production target at 1.628 million barrels per day, following a virtual meeting on September 6 among key producers.

The decision was made after reviewing global oil market conditions and outlook. Saudi Arabia's target stands at 10.478 million bpd, Russia's at 9.949 million bpd, and Iraq's at 4.431 million bpd.

The meeting also marked the completion of an OPEC+ production increase of around 188,000 bpd for September, which rolled back voluntary cuts introduced in 2023.