It said it would submit a compensation plan to the group's monitoring committee by April 30.
SEATTLE (Oil Monster): Kazakhstan will compensate for exceeding its oil production quota under the OPEC+ agreement in March, the country's energy ministry said in a statement on Sunday.
The ministry said that according to 'secondary sources', Kazakhstan produced 131,000 barrels per day above its quota in March due to weather conditions and heating requirements.
It said it would submit a compensation plan to the group's monitoring committee by April 30.
Courtesy: www.reuters.com
| United States Crude Oil Prices | |||
|---|---|---|---|
| COMMODITY | PRICE | CHANGE | |
| Alabama Heavy Asphaltic Sour | 61.43 | -0.98 | |
| Alabama Light Sour | 68.25 | -1.10 | |
| Alabama Light Sour Womack Hill Type | 55.28 | +5.30 | |
| Alabama Light Sweet | 73.25 | -1.10 | |
| Alabama/ Florida Panhandle | 71.82 | +0.60 | |
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