Saudi Arabia to cut crude output by 1mn b/d

摘要

Saudi Arabia yesterday said it will make a 1mn b/d voluntary crude output cut in February and March. The cut is on top of Saudi Arabia’s output commitment of 9.119mn b/d under the latest Opec+ agreement and will mean it will produce as little as 8.119mn b/d from the start of Febru- ary, its energy minister Prince Abdulaziz al Salman said. Saudi Arabia produced around 8.96mn b/d in November, according to most recent Argus estimates.