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[size=46]The Ministry of Oil decides to reduce production voluntarily at a rate of 211 thousand barrels per day[/size]
Economy
18:55 - 2023-04-02
[You must be registered and logged in to see this image.]18:55 - 2023-04-02
Today, Sunday, the Ministry of Oil announced that it decided to reduce production voluntarily at a rate of 211 thousand barrels per day, starting from next May until the end of this year.
And the ministry stated in a statement: "We decided to reduce voluntary production by 211 thousand barrels per day from next May until the end of 2023."
And she indicated that this is "with the aim of taking precautionary measures to face the challenges facing the global oil market, and to achieve a balance between supply and demand and market stability."
She indicated that this came "in coordination with some oil-producing countries, and in a manner that does not contradict the previous reduction policy."
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