1034 ET - Oil futures are lower after Reuters reports that Kazakhstan, an overproducer in the OPEC+ group, says it can't cut output at its large foreign major-operated fields and will put its national interest first in deciding production levels. The accelerated unwinding of cuts coming in May by OPEC and its allies is expected to be offset by compensation from members that have produced above their agreed levels. "The overproduction appears to be here to stay and there will now be a heavy focus on OPEC+'s response moving forward," Alex Hodes of StoneX says in a note. WTI is down 1.9% at $62.46 a barrel, and Brent falls 1.8% to $66.21 a barrel. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 10:35 ET (14:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。