OPEC+ Expected to Commit to Production Cuts

• Wednesday, 15th March 2023
• by Israa Ibrahim

In an interview with Energy Intelligence, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said that OPEC+ alliance will abide by last October production-cuts decision until the end of the year, Reuter...

Saudi Arabia to Reduce Oil Production Worth 1% of Daily Global Supply

• Tuesday, 12th May 2020
• by Editorial Team

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, according...