BAKU, Azerbaijan, November 14. Kazakhstan’s
crude oil production averaged 1.74 million barrels per day in the
third quarter of 2026, down 4.9% compared with the same period last
year (1.83 million barrels per day), according to the November
Short-Term Energy Outlook (STEO) report by the US Energy
Information Administration (EIA).
Trend’s
calculations based on the report show that Kazakhstan’s crude oil
production declined by 5.9% compared with the second quarter of
2026, when output averaged 1.85 million barrels per day. In the
first quarter, Kazakhstan’s oil production averaged 1.39 million
barrels per day.
For comparison, Kazakhstan’s crude oil production averaged 1.73
million barrels per day in the first quarter of 2025, increasing to
1.78 million barrels per day in the second quarter and reaching a
peak of 1.83 million barrels per day in the third quarter. Output
then declined to 1.67 million barrels per day in the fourth
quarter.
Overall, Kazakhstan’s average crude oil production stood at 1.75
million barrels per day in 2025.
According to the EIA report, aggregate crude oil production by
OPEC+ total countries (OPEC members subject to OPEC+ agreements
plus Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico,
Oman, Russia, South Sudan, and Sudan) averaged 33.33 million
barrels per day in 2025. The figure is projected to decline to
30.08 million barrels per day in 2026 before increasing to 33.61
million barrels per day in 2027.
Crude oil production by OPEC members averaged 24.63 million
barrels per day in 2025. The EIA expects this figure to decrease to
21.05 million barrels per day in 2026 and rise to 24.07 million
barrels per day in 2027.
Global crude oil production stood at 79 million barrels per day
in 2025. According to the EIA projections, worldwide output is
expected to decrease to 76.1 million barrels per day in 2026 before
rising to 80.87 million barrels per day in 2027.
