Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman have basically extended the November 2023 output cut decision.Saudi Arabia will keep its 1mn barrel per day voluntary crude production cut until the end of June — something it first began implementing in July 2023. Russia said it'll implement a mix of crude production and export cuts totalling 471,000 b/dfor April it'll cut crude output by 350,000 b/d and exports by 121,000 b/dfor May crude production cut bumps up to 400,000 b/d, while the the cut to exports trims to 71,000 b/dfor June the cut is only for production, of 471,000 b/d---At the margin this'll be a tailwind for oil prices. Markets will reopen for the week
Hence then, the article about oil opec extends output cuts by three months was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Oil - OPEC+ extends output cuts by three months. )