oil production cut
Sunday, 9th August 2020
The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.
Sunday, 3rd November 2019
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).
Monday, 21st January 2019
In December 2018, the output declined by 751,000 barrels per day (b/d), reaching 31.58 million b/d.
Monday, 19th November 2018
The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December.
Wednesday, 4th January 2017Inline with OPEC's production reduction agreement, Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, Oman was to cut 45,000b/d from its 1.01mb/d.