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Saudi Arabia to cut output unilaterally by extra 1 MBD for June
Added at 8:02am
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SAUDI ENERGY MINISTRY OFFICIAL: THIS BRINGS THE TOTAL PRODUCTION CUT CARRIED OUT BY THE KINGDOM, TO AROUND 4.8 MILLION BPD, FROM APR. PRODUCTION LEVEL.
— Breaking Market News (@financialjuice) May 11, 2020
Added at 8:06am
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Saudi Energy Ministry Official says they will aim to provide additional voluntary cuts, adds that it told Aramco to reduce May production if possible #OOTT
— DailyFX Team Live (@DailyFXTeam) May 11, 2020
Added at 8:06am
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The Ministry emphasized that the Kingdom aims through this additional cut to encourage OPEC+ participants, as well as other producing countries, to comply with the production cuts they have committed to #OOTT #Opec
— Amena Bakr (@Amena__Bakr) May 11, 2020
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