OPEC+ Heavyweights Stick to Quotas, Smaller Producers Become a Liability - OPEC+ countries produced 40.54 million b/d in January, continuing a three-month streak of relative stagnation as month-over-month changes remained as low as 20,000 b/d amidst improved compliance. - Nevertheless, Kazakhstan will become a problem for the oil group as it is set to become the largest overproducer with Tengiz ramping up production from 600,000 b/d in January to 900,000 b/d this month. - OPEC+ plans to start gradually easing its 2.2 million b/d voluntary cuts…
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