Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to reduce production, OPEC data showed on Wednesday. Kazakhstan has persistently exceeded its output quota of 1.

According to the latest OPEC report, the collective output of OPEC+, which includes OPEC members, Russia and other allies, rose by 363,000 barrels per day (bpd) to 41.01 million b

OPEC+ crude production surged last month as Kazakhstan, which has long flouted the cartel’s output quotas, further breached its agreed limit.Most Read from BloombergNYC Congestion Pricing Toll Gains S

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a challenge for the producer group in enforcing adherence to agreed output targets.

Kazakhstan reaffirmed its commitment to adjusting its oil production to align with its agreed OPEC+ quota, following an overpr

Investing.com -- Kazakhstan, a member of the OPEC+ alliance, has been identified as the major contributor to the group’s oil production increase in February, according to recent OPEC data. The country, however, has not been able to meet its commitment to cut production.

Kazakhstan will quickly adjust its oil output in order to get back in line with its OPEC+ quota after exceeding the limit in February, the Energy Ministry said on Wednesday. OPEC said earlier that Kazakhstan was the biggest contributor to a sizeable jump in February crude output by OPEC+.