Wednesday, November 27, 2024
Saudi energy minister says effective global oil cuts above 19 million bpd- oil and gas 360

Saudi energy minister says effective global oil cuts above 19 million bpd

Reuters DUBAI – Saudi Arabia’s energy minister said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and oil purchases into reserves. OPEC and allies led by Russia, a group known as OPEC+, agreed on Sunday to a