oil production cuts
Tuesday, 25th August 2020
Norway’s government has released the official production figures for the Norwegian Continental Shelf in July, showing a 120,000 barrels of oil per day (bbl/d) reduction compared to the reference production.
Wednesday, 13th May 2020
Kuwait’s oil minister, Khaled Al-Fadhel, announced that Kuwait will support the Kingdom of Saudi Arabia’s efforts to restore stability to oil markets by cutting production by 80,000 barrels per day (bbl/d).
Sunday, 26th January 2020
The Organization of the Petroleum Exporting Countries (OPEC) could extend its oil production cuts until the end of 2020.
Thursday, 23rd May 2019
Saudi Aramco’s deal with Sempra Energy, a US gas export project, indicates the Kingdom’s commitment to continue supporting oil production cuts.
Sunday, 3rd February 2019
The Organization of the Petroleum Exporting Countries (OPEC) has reduced its oil production in January 2019 by 890,000 barrels per day (b/d).
Sunday, 8th January 2017Saudi Arabia has cut its crude-oil production by at least 486,000b/d since October, bringing the world’s largest exporter of petroleum swiftly into line with OPEC’s deal to raise prices.