Kazakhstan’s brewing crisis
Violence in the country’s energy patch and haziness about who will be replacing its ageing dictator are exacerbating the pain of the oil-price collapse
KAZAKHSTAN is in a state of flux. The central Asian state, which holds the world's 11th largest oil reserves, was the scene of another violent insurrection in June. The government first blamed the incident - which claimed almost two dozen lives in the country's oil belt - on Islamist foreigners out to destablise the country. Then it said it was an attempted coup by a local businessman. Either way, it's a sign of wider problems. A group of young men attacked two firearm shops on 5 June in Aktobe, located 100km from the Russian border, and tried to carry out an attack on a military base to seize arms. Thirteen attackers, five police officers and three soldiers were killed in gunfights. Authori
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






