OPEC+ agrees to CUT oil output from 2024
The Organization of Petroleum Exporting Countries (OPEC) and its allies, led by Russia, agreed Sunday to cut overall oil production targets by a further 1.4 million barrels per day (bpd)…
The total reduction in oil production by OPEC+ countries by the end of 2024 will amount to 3,6 million barrels/day
Russian Deputy Prime Minister Novak: The total reduction in oil production by OPEC+ countries by the end of 2024 will amount to 3,6 million barrels/day from the level of October…
Saudi Arabia announces further oil cut of 1 million barrels per day
Following a meeting of OPEC+ major oil producers on Sunday, Saudi Arabia’s energy minister said his country would slash oil output further by one million barrels per day in a…
UAE reveals it withdrew from US-led maritime coalition ‘months ago’The UAE also refuted western media reports that claim the country is ‘frustrated’ over Washington’s weak response to Iran’s seizure of oil tankers in Gulf waters
The UAE revealed on 31 May that it withdrew its forces from the US-led ‘Combined Maritime Forces’ two months ago after evaluating its security agreements.“As a result of our ongoing…