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Saudi Arabia announces additional unprecedented cuts in its oil production
16:10 - 05/11/2020
Information / follow-up ..
The Saudi Ministry of Energy directed Aramco to reduce its production of crude oil for the month of June with an additional voluntary amount of one million barrels per day.
An official at the Saudi Energy Ministry said today, Monday, that the ministry directed Aramco to reduce its production of crude oil for the month of June by an additional voluntary amount of one million barrels per day, above the reductions that the Kingdom has already pledged under the "OPEC +" agreement.
He said, "This brings the total production cut that the Kingdom will implement to about 4.8 million barrels per day from the April production level."
He added, "Therefore, the Kingdom's production for June, after the targeted and voluntary reduction, will be 7.492 million barrels per day." 25 h has ended
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