Oman has informed its crude oil customers that it will cut around 10% in allocations for September loading and delivery, according to Reuters.

This 10% cut is part of Oman’s efforts to fully comply with the OPEC+ cuts and the oil ministry released a statement emphasising Oman’s  “100% commitment to the OPEC+ alliance by cutting 161,000 barrels of oil per day (bbl/d), as of September 2020, from Oman’s quota.”

In April Oman became part of the OPEC+ agreement, with the purpose of curbing the world’s oil production by 20% and reduce the oil glut.