Kazakhstan’s OPEC Stance Sparks Oil Price Slide

April 23, 2025, 10:20 am

Kazakhstan’s new energy minister declared that national interests will override OPEC+ production cuts, throwing the alliance into disarray and sending oil prices tumbling. Compounded by disappointing U.S. inventory data, these developments have spooked markets and underscored the volatility in global oil supply.

zerohedge.com / WTI Prices Tumble As Official Crude Inventory Data Disappoints, Production Remains Near Record Highs

WTI Prices Tumble As Official Crude Inventory Data Disappoints, Production Remains Near Record Highs Overnight gains on the heels of across the board inventory draws reported by API (and some optimism on easing China tensions) have been dashed this morning after comments from the new...

zerohedge.com / Oil Prices Drop As Kazakh Chaos Threatens OPEC Alliance

Oil Prices Drop As Kazakh Chaos Threatens OPEC Alliance Oil turned lower after Kazakhstan said it will prioritize national interests over those of the OPEC+ alliance, a move that risks fueling further tensions within the cartel. Overnight saw prices rally after bigger than expected...

permalink / 2 stories from 1 sources in 6 days ago #energy #oil #politics #finance

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