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Saudi Arabia extends voluntary oil production cuts

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Saudi Arabia extends voluntary oil production cuts

Saudi Arabia has extended its voluntary oil production cut of 1 million barrels per day until the end of the second quarter of 2024.

Axar.az reports that according to information, this means that the country's oil production will remain at 9 million barrels per day until June.

It is reported that the reduced volumes will be returned to the market gradually depending on its condition. This is in addition to the previously announced production cut of 500 thousand barrels per day, which will remain in effect until the end of 2024.
Date
2024.03.04 / 09:24
Author
Axar.az
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