What if Kazakhstan repeatedly busts its OPEC+ output quota?
Tengiz-led volume growth keeps Kazakhstan producing well above its OPEC+ ceiling, straining the group's cohesion and capping crude even as Astana's receipts rise.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a mixed shock. Tengiz-led volume growth keeps Kazakhstan producing well above its OPEC+ ceiling, straining the group's cohesion and capping crude even as Astana's receipts rise. The trigger decomposes into signed root‑shocks — EM currencies ▲ · Oil demand ▼ · Oil supply risk ▼ · Risk appetite ▲ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Brent crude BRENTon Hyperliquid 📈 chart | Commodity | ▼ -1.8% hist -2.2–+0.32% · other way -2.08% (n=7) |
| 2 | WTI crude CLon Hyperliquid 📈 chart | Commodity | ▼ -1.6% hist -2.72–+2.35% · other way -3.2% (n=7) |
| 3 | Energy sector XLEon Hyperliquid 📈 chart | Equity | ▼ -1.1% hist -0.89–+0.34% · other way -2.1% (n=7) |
| 4 | United Airlines UAL 📈 chart | Equity | ▲ +0.9% hist -5.28–+11.67% · other way +7.88% (n=7) |
| 5 | ExxonMobil XOM 📈 chart | Equity | ▼ -0.8% hist -1.05–+0.01% · other way +0.43% (n=12) |
| 6 | Chevron CVX 📈 chart | Equity | ▼ -0.7% hist -1.26–+0.16% · other way +0.11% (n=12) |
| 7 | Delta DAL 📈 chart | Equity | ▲ +0.8% hist -1.72–+8.1% · other way +3.94% (n=7) |
| 8 | Turkish lira TRY 📈 chart | FX | ▲ +0.3% hist +0.04–+0.35% · other way +0.33% (n=7) |
| 9 | Indian rupee INR 📈 chart | FX | ▲ +0.3% hist -0.12–+0.61% · other way +0.1% (n=7) |
| 10 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▲ +0.2% hist -0.24–+1.32% · other way +0.0% (n=7) |
| 11 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▲ +0.2% hist -6.55–+11.48% · other way +11.52% (n=7) |
| 12 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▲ +0.2% hist -3.56–+4.58% · other way -4.91% (n=7) |
| 13 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▲ +0.2% model prior · unmeasured |
| 14 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▲ +0.2% hist -2.56–+4.25% · other way -2.46% (n=7) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 21 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| DAL DAL | LONG | +6.8% · 5d +1.8% | 79% | 15 | 0.54 | ✓ matches cascade |
| Volatility VIX | SHORT | -5.7% · 5d -5.2% | 71% | 20 | 0.31 | · |
| NDX NDX | LONG | +1.1% · 5d -0.3% ↺ fades | 67% | 20 | 0.27 | ✓ matches cascade |
| ETH ETH | LONG | +4.3% · 5d -3.1% ↺ fades | 69% | 10 | 0.27 | ✓ matches cascade |
| 30y yield DGS30 | LONG | +10bp · 5d +3bp | 68% | 21 | 0.27 | ⚠ differs |
| INR INR | LONG | +0.5% · 5d +0.6% | 65% | 16 | 0.22 | ✓ matches cascade |
| UAL UAL | LONG | +10.9% · 5d -0.0% ↺ fades | 60% | 16 | 0.19 | ✓ matches cascade |
| XLE XLE | LONG | +0.8% · 5d +0.2% | 59% | 18 | 0.17 | ⚠ differs |
| US dollar DXY | LONG | +0.1% · 5d -0.4% ↺ fades | 60% | 21 | 0.17 | · |
| TRY TRY | LONG | +0.1% · 5d +1.5% | 60% | 16 | 0.14 | ✓ matches cascade |
| XOM XOM | SHORT | -0.6% · 5d -0.4% | 56% | 21 | 0.11 | ✓ matches cascade |
| Gold XAU | LONG | +0.6% · 5d -0.0% ↺ fades | 55% | 18 | 0.09 | ✓ matches cascade |
| Bitcoin BTC | LONG | +9.6% · 5d -2.5% ↺ fades | 54% | 10 | 0.06 | · |
| SOL SOL | LONG | +4.8% · 5d -8.6% ↺ fades | 54% | 10 | 0.05 | ✓ matches cascade |