The United Arab Emirates (UAE) has announced that they would continue their voluntary production reduction of 144 thousand barrels per day through the end of December 2024.
OPEC+ countries will also participate in oil cut with UAE
This precautionary move, in conference with the countries participating in the Opec+ agreement, which had already declared voluntary reduction in the month of April.
This voluntary production decrease will be taken from the needed production level, which was decided upon during the thirty-fifth ministerial meeting of Opec+ on June 4, 2023.
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