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OPEC+ adjusts output targets for 2024
People Daily 05 Jun 2023
OPEC+'s latest decision came amid sliding oil prices in recent weeks ... Following OPEC+'s announcement on Sunday, Saudi Arabia's energy ministry announced a further cut of oil production by 1 million bpd, which will start in July for a month that can be extended, the Saudi Press Agency reported.
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Organization of the Petroleum Exporting Countries adjusts output targets for 2024
Sina 05 Jun 2023
OPEC+'s latest decision came amid sliding oil prices in recent weeks ... Following OPEC+'s announcement on Sunday, Saudi Arabia's energy ministry announced a further cut of oil production by 1 million bpd, which will start in July for a month that can be extended, the Saudi Press Agency reported.
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Saudi Arabia pledges big oil cuts in July as OPEC+ extends deal into 2024
Financial Express 05 Jun 2023
Saudi’s energy ministry said the country’s output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years ... Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.
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Kazakhstan to Extend Oil Production Cut of 78,000 B/D Until End of 2024 - Ministry
Urdu Point 05 Jun 2023
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Saudi Arabia to slash oil output to 9 mln bpd from July
Press TV 05 Jun 2023
... in a bid to help efforts to reinforce global oil prices. Saudi Arabia’s official SPA news agency quoted an unnamed source in the country’s energy ministry as saying on Sunday that voluntary cuts to the kingdom’s oil output will amount to 1.5 million barrels per day (bpd) in July.
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Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024
Democratic Underground 05 Jun 2023
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OPEC: Saudi Arabia announces further oil cut of 1M bpd
The Siasat Daily 05 Jun 2023
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill ... Ministry of Energy ... In April, Saudi Arabia, Russia, and other OPEC+ oil producers declared their intention to reduce production by 1.16 million barrels per day.
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Oil Price Forecast: Tighter Supply Expected as Saudi Arabia Slashes Output
FX Empire 05 Jun 2023
This move by the world’s top oil exporter aims to counteract the macroeconomic challenges that have been weighing on the market. The Saudi energy ministry revealed that the kingdom’s output would decrease to 9 million barrels per day in July, marking its most significant reduction in years and contributing to the recent gains in oil prices.
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Saudi pledges big oil cuts in July
The Daily Herald 05 Jun 2023
VIENNA--Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years.
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Saudi Arabia pledges big cuts to oil output in July
RTE 05 Jun 2023
Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years.
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S. Arabia pledges big cuts in oil output next month
Dawn 05 Jun 2023
Saudi Arabia will make a deep cut to its output next month on top of a broader Opec+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices ... Since Russia’s invasion of Ukraine began in February last year, Western nations have accused Opec of manipulating oil prices and undermining the global economy through high energy costs.
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Saudi Arabia to cut oil output in July, extend OPEC+ voluntary cut until end of 2024
Arab News 04 Jun 2023
The ministry also announced an additional voluntary oil output cut of 1 million bpd for July, which could be extended further ... The ministry said the additional voluntary cut comes to reinforce ...
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