The Controversy That Nearly Destroyed OPEC Has Resurfaced

Kazakhstan reawakened a divisive issue among the OPEC+ group with regard to oil production quotas. Kazakhstan said on Tuesday that it felt it should be allowed to increase its crude oil production in 2025, Interfax reported, despite its membership in the group that seeks to maintain balance in the global crude oil markets. Kazakhstan’s energy ministry said it had not requested an increase to its allowable production levels for 2025. Kazakhstan, as a member of the OPEC+ group, stated its desire to pump more oil ahead of the OPEC+ meeting to…