Oil production in the Kingdom will be 9 million barrels per day next month
Dubai – Al Arabiya.net
Posted on: August 03, 2023: 05:07 PM GST Last updated: August 03, 2023: 06:26 PM GST
An official source in the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend the voluntary cut of one million barrels per day, which began in July, for another month, to include the month of September.
And he continued: “With the possibility of extending or extending and increasing this reduction, the Kingdom’s production in September 2023 will be approximately 9 million barrels per day.”
The source indicated that this reduction is in addition to the voluntary reduction previously announced by the Kingdom in April 2023 AD and extends until the end of December 2024 AD, according to the Saudi Press Agency, SPA.
The source confirmed that this additional voluntary reduction comes to reinforce the precautionary efforts made by OPEC Plus countries with the aim of supporting the stability and balance of oil markets.
For his part, Russian Deputy Prime Minister Alexander Novak said today, Thursday, that Russia has decided to extend the voluntary cut in its oil exports for the month of September, and the cut will be by 300,000 barrels per day.
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2023-08-03 14:26:58
