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2020-06-01 10:30:00

UAE OIL PRODUCTION 2.4 MBD

UAE OIL PRODUCTION 2.4 MBD

PLATTS - 31 May 2020 - The UAE, OPEC's third-largest oil producer, pumped 2.4 million b/d in May, in line with its 2.446 million b/d OPEC+ quota as members within the 23-member alliance began a historic output curb, a source familiar with the matter told S&P Global Platts on Sunday.

The UAE, which pumped a record 4.1 million b/d in April, has also pledged to trim an extra 100,000 b/d in June, on top of its OPEC+ commitments, as it joins Saudi Arabia's 1 million b/d additional curb and Kuwait's 80,000 b/d cut in attempts to help rebalance global oil markets.

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Tags: UAE, OIL, PRODUCTION
Chronicle:
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