Kazakhstan Energy Minister says it plans to produce up to 40mln tons of oil in 2026

Kazakhstan's plan to ramp up oil production to 40 million tons by 2026 indicates a significant supply-side driver that could affect global oil prices, particularly WTI.

Newsquawk StaffPublished 21 Jul 2026, 10:37 UTCOn the live feed at 10:17 UTC — 5 more headlines followed before this page went public

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10:30

D.R. Horton (DHI) Q3 2026 (USD): EPS 3.20 (exp. 2.97), Revenue 9.20bln (exp. 9.10bln)

10:30

General Motors Company (GM) Q2 2026: Adj. EPS 3.57 (exp. 3.19), Revenue 48bln (exp. 47.01bln); Current FY Adj. EPS 12-14 (exp. 12.97), Current FY Adj. EBIT 13-16bln (exp. 14.8bln)

10:17

Kazakhstan Energy Minister says it plans to produce up to 40mln tons of oil in 2026

10:11

"Pakistan is trying to push for a resumption of negotiations between Iran and the US", Al Arabiya reports citing sources

10:10

Russian Deputy PM Novak says the fuel market has partially stabilised; situation remains difficult in some regions

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Context

As OPEC+ navigates production limits, this move may add pressure to the delicate balance of supply and demand, potentially influencing inflation and currency valuations linked to energy-dependent economies.

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