OPEC Updates On Kazakhstan's Oil Production In July 2025
This marks a decline of 36,000 b/d compared with June's output of 1.863 million b/d, but an increase of 46,000 b/d from May's level of 1.781 million b/d.
Quarterly data shows Kazakhstan averaged 1.417 million b/d in Q4 2024, rising to 1.758 million b/d in Q1 2025 and further to 1.824 million b/d in Q2.
Kazakhstan, together with seven other OPEC+ members, is set to implement a collective oil production cut of 547,000 b/d in September 2025. This is part of a phased unwinding of 2.2 million b/d in voluntary cuts that began in April 2025.
The eight countries-Kazakhstan, Saudi Arabia, Russia, Iraq, UAE, Kuwait, Algeria, and Oman-said the decision reflects stable market fundamentals and a steady global economic outlook, with low oil inventories indicating healthy demand levels.
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