Kazakh Oil Exports Near Record Again as OPEC+ Tensions Persist

Kazakhstan is set to raise its seaborne crude exports to a near record next month as tensions persist between Astana and its partners in the OPEC+ alliance over how much the landlocked country should be pumping.

Total loadings of its CPC Blend grade from a Russian terminal in Black Sea are expected to raise to 1.65 million to 1.70 million barrels a day in June, according to people with knowledge of the shipments. The higher end of that range would match an all-time high set in February.