Cracks Appear in OPEC+ Facade as Kazakhstan Seeks Production Hike
The OPEC+ alliance is bracing itself for yet another acid test in the next few days, as Kazakhstan, a key member from the Central Asian region, said on Tuesday that it wanted to have a bigger quota in 2025, when the currents oil output cuts expire. Unless the members of the OPEC+ settle the dispute amicably, the group is going to face a potential test of unity, before the scheduled meeting on June 1, to discuss the next move; maintaining the oil production cuts, lifting it up or in the worst case scenario, increasing it further. The fact the Kazakhstan move is already in the public domain shows that there is discord within the OPEC+ over the existing production cuts - or any further rise to shoring up the falling oil prices. The OPEC+, on its part, meanwhile, wants to investigate current oil output capacity in order to set what it calls, reference production levels. According to Reuters, three global companies with the relevant experience in the field, have been tasked with the anal
