Nariman Gizitdinov

23 hours ago | financialpost.com | Grant Smith |Fiona MacDonald |Nariman Gizitdinov

Oil markets have been jittery since early April, when the producers’ group led by Saudi Arabia stunned traders by accelerating the revival in its output. This was an apparent effort to discipline over-producing members by driving down prices, yet Kazakhstan — the greatest offender — has continued to pump as usual at its biggest fields. Get the latest headlines, breaking news and columns. • There was an error, please provide a valid email address. A welcome email is on its way.

23 hours ago | bloomberg.com | Grant Smith |Fiona MacDonald |Nariman Gizitdinov

A pumpjack at an oilfield in Kazakhstan. (Bloomberg) -- OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, as growing tensions with Kazakhstan stoked fears of an escalating price war. Oil markets have been jittery since early April, when the producers’ group led by Saudi Arabia stunned traders by accelerating the revival in its output.

1 day ago | bloomberg.com | Nariman Gizitdinov

Workers perform maintenance on an oil pumping unit at an oilfield near Atyrau, Kazakhstan. (Bloomberg) -- Kazakhstan is fulfilling its OPEC+ obligations and has an ongoing dialogue with the group to find “mutually acceptable solutions” to its oil production management, said Energy Minister Erlan Akkenzhenov. “Our participation in OPEC+ is an important tool for ensuring global stability,” the minister said in an emailed statement.

1 week ago | financialpost.com | Nariman Gizitdinov

Advertisement oopSkip to ContentAdvertisement 1Kazakhstan kept borrowing costs at the highest level in about 18 months after a slump in oil prices put more pressure on the tenge amid an acceleration in inflation. Article content(Bloomberg) — Kazakhstan kept borrowing costs at the highest level in about 18 months after a slump in oil prices put more pressure on the tenge amid an acceleration in inflation. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load.

1 week ago | bloomberg.com | Nariman Gizitdinov

Kassym-Jomart Tokayev(Bloomberg) -- Kazakhstan’s central bank held borrowing costs after a surprise increase last month, though warned it’s ready to make unscheduled decisions on monetary policy should global financial markets deteriorate. The National Bank of Kazakhstan kept the key rate at 16.5% on Friday, and Governor Timur Suleimenov said there was a high probability that it would be left at that level at coming meetings.