2023-10-06 03:57:20
Yambu: Saudi Arabia’s oil production increased by 10 lakhs per day The decision to cut more barrels will continue until the end of this year. The Ministry of Energy has made it clear. To increase the price of energy to create demand in the market, it will start in July. This additional cutting is done. With this, the country’s oil production will be 90 lakh barrels per day in November. will be It will run from April this year to December next year. Kunna is cutting five lakh barrels per day. The drought started in July and continued till December by 10 lakh barrels per day. The decision to come. With this, the total daily production is reduced by 15 lakh barrels.
To support the stability and balance of the oil market Strengthen efforts by OPEC+ countries to actively This additional voluntary exemption process is called Ministry circles explained. Coordination between Saudi and other OPEC countries to stabilize global oil prices Saudi Arabia succeeds in creating and maintaining balance Ja Mantri Ameer Abdul Aziz bin Salman made it clear.
International Organization for Economic Co-operation and Development V of other countries that are not members of the OECD Expected to account for the largest percentage of growth in 2023 make OPEC agreements and guidelines should support oil market stability With the gradual recovery of the global demand for oil Experts in this field V. Blending in.
To support the stability and balance of the oil market Strengthen efforts by OPEC+ countries to actively Saudi Arabia’s voluntary oil cut decision The authorities made it clear. Saudi Arabia to first implement additional cuts in July And later it was extended on a monthly basis.
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