Saudi Arabia extends voluntary cut of oil production
Release time:2024-05-22 03:46:48
RIYADH, March 3 (Xinhua) -- Saudi Arabia announced on Sunday the extension of its voluntary cut of o 。
RIYADH, March 3 (Xinhua) -- Saudi Arabia announced on Sunday the extension of its voluntary cut of oil production of 1 million barrels per day to support the stability and balance of oil markets, the Saudi Press Agency reported. The reduction was implemented in July 2023 until the end of the second quarter of 2024, in coordination with some countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, said the Ministry of Energy, according to the report. The ministry said that the kingdom's production will be approximately 9 million barrels per day until the end of June 2024. "To support market stability, these additional cut volumes will be returned gradually, subject to market conditions," the ministry added. The ministry noted that this voluntary cut is in addition to the voluntary cut of 500,000 barrels a day previously announced by Saudi Arabia in April 2023, which extends until the end of December 2024.
(Editor:Liao Yifan)
Related articles
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
A 19-year-old British tourist who was subjected to a horrific sex attack in Majorca 'was gang-raped2024-05-22This congresswoman was born and raised in Ukraine. She just voted against aid for her homeland
SHERIDAN, Ind. (AP) — U.S. Rep. Victoria Spartz, the first and only Ukrainian-born member of Congres2024-05-22Mainland urges Taiwan to resume direct cross
A mainland spokesperson on Sunday urged Taiwan to consider the proposals of the public and the shipp2024-05-22Mainland urges Taiwan to resume direct cross
A mainland spokesperson on Sunday urged Taiwan to consider the proposals of the public and the shipp2024-05-22'The Apprentice,' about a young Donald Trump, premieres in Cannes
CANNES, France (AP) — While Donald Trump’s hush money trial entered its sixth week in New York, an o2024-05-229 people going on trial over an alleged far
BERLIN (AP) — Nine people charged in connection with an alleged far-right plot to topple the German2024-05-22
atest comment