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Press Dossier   News Category    Economy    UAE extends voluntary oil output cut till December 2024

Khaleej Times, Monday, Jun 05, 2023 | Thul-Qidah 16, 1444

UAE extends voluntary oil output cut till December 2024

Emirates: The United Arab Emirates will extend its voluntary cut of 144 thousand barrels per day until the end of December 2024.

This precautionary measure, in coordination with the countries participating in the Opec+ agreement, which had previously announced voluntary cuts in April.

This voluntary cut will be from the required production level, as agreed upon at the thirty-fifth ministerial meeting of Opec+ on June 4, 2023.

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