Kazakhstan's Energy Minister says 2026 oil production is seen between 96-98mln tonnes, below its plan

Kazakhstan's Energy Minister indicating that oil production in 2026 may fall between 96-98 million tonnes, which is below their initial target, suggests potential supply constraints.

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Kazakhstan's Energy Minister says 2026 oil production is seen between 96-98mln tonnes, below its plan

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This lower production forecast could support oil prices, particularly if global demand remains robust, amplifying concerns about supply in the context of ongoing geopolitical tensions and recovery efforts.

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