OPEC+ Compensation Cuts Triple as Key Producers Move to Rein in Oversupply ...Middle East

Economy by : (OILPRICE) -
Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks to improve compliance amid oversupplied oil markets. The UAE, Iraq, Kazakhstan and Oman will implement output cuts totaling 829,000 barrels per day by June, three times higher than their previous pledge. Kazakhstan will account for the lion’s share of the cuts after pledging to cut 669,000 bpd up from 131,000 bpd; Iraq will maintain its cuts at 100,000 bpd by midyear; UAE will hike its cut to 55,000 bpd from just 10,000…

Hence then, the article about opec compensation cuts triple as key producers move to rein in oversupply was published today ( ) and is available on OILPRICE ( 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 ( OPEC+ Compensation Cuts Triple as Key Producers Move to Rein in Oversupply )

Last updated :

Also on site :

Most Viewed Economy
جديد الاخبار