VIENNA, Jun 4 The UAE will extend its voluntary 144,000 bpd cut in oil production through the full year of 2024, Energy Minister Suheil al-Mazrui said.
«The United Arab Emirates will extend its voluntary cut of 144,000 barrels per day until the end of December 2024 as a precautionary measure in agreement with countries participating in the OPEC+ agreement, which announced voluntary cuts in April,» wrote the minister on his Twitter account.
It is added that the reduction in production will be carried out from the quotas approved at the OPEC + meeting on June 4.