Voluntary cuts | Egypt Oil & Gas

Global Oil Supply Rises to 90 mmbbl/d After Termination of Voluntary Cuts 

The International Energy Agency's (IEA) monthly report has found that global oil supply has increased by 2.5 million barrels of oil per day (mmbbl/d) to 90 mmbbl/d after the cessation of voluntary cuts by Saudi Ar ...

Saudi Arabia Announces Discontinuation of Voluntary Cuts

Saudi Arabia's additional voluntary cuts of 1.18 million barrels of oil (mmbbl/d) carried out in June will not be continued into July as global oil demand begins to recover.

Saudi, Russia Agree to Extend Oil Cuts

Saudi Arabia and Russia have agreed to extend the existing oil cuts by another month and intend to ramp up pressure on non-compliant oil producing nations.

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