UAE’s Minister of Energy, Suhail bin Mohammed Faraj Faris Al-Mazrouei, announced that the UAE will voluntarily cut its oil output by 2.5% (100,000 barrels per day (bpd)) in June to rebalance the global oil market ...
A Saudi Ministry of Energy Official stated that Saudi Aramco will reduce its crude oil production in June by a voluntary amount of 1 million barrels of oil per day (mmbbl/d) or 1% of daily global oil supply.
Oman is preparing to slash oil output during May and June which will see the Sultanate reduce its production by 201,000 barrels per day (bbl/d).
Kuwait Petroleum Corporation (KPC) is set to cooperate with clients in international markets in an effort to cut its supply of Kuwaiti crude oil in accordance with OPEC oil cuts.
Saudi Arabia and Russia confirmed their commitment to implement the OPEC agreement of limiting production to 9.7 million barrels per day (mmbbl) for the coming two years.
Saudi Arabia’s crude oil exports in February slipped to 7.2 million barrels per day (mmbbl) from 7.29 mmbbl in January.
Saudi Arabia determined 600,000 barrels of its crude oil to be sold to USA daily in April 2020 to be the highest amount during a year.
Saudi Aramco company announced that it will provide its customers with 8.5 million barrel per day (mbl/d) of crude oil starting from May 2020 .
Petrofac Ltd has announced that its Petrofac Emirates joint venture with Abu Dhabi National Oil Company (ADNOC) for the Dalma Gas Development Project has been terminated.
Iraq’s oil minister, Thamer al-Ghadhban, announced that the Kurdistan region is included in the 1 million barrels per day (mmbbl/d) cut of oil production.
