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Exclusive-Kazakhstan hikes oil output to a record high of 2.12 million bpd in February, source says

Kazakhstan raised crude oil and gas condensate production in February by 13% from January to a record high 2.12 million barrels per day, a source told Reuters on Monday, again exceeding its quota within the OPEC+ group of oil producers. Excluding gas condensate, a type of light oil, crude oil production jumped last month by 15.5% from January to 1.83 million bpd, according to the source familiar with the official statistics, and Reuters calculations, which take into account Kazakhstan's tons per barrel ratio of 7.5. Kazakhstan has persistently exceeded its output quota of 1.468 million bpd under the production-curbing deal struck by the Organisation of the Petroleum Exporting Countries and allies including Russia - together known as OPEC+.

Gold-for-Oil Program Suspended by Ghana’s Central Bank Boss

(Bloomberg) -- Ghana’s new central bank chief has suspended the West African nation’s program of paying for oil with gold and said he expects the cedi to stabilize after it’s volatility of last year.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4