• Oman

    • Oman to Voluntarily Cut Oil Output by 42000 bpd from January 2024

    By on November 30, 2023
    crude oil
    crude oil

    Muscat: Oman announces an additional crude oil voluntary reduction of 42,000 barrels per day with effect from January 2024 until the end of March 2024, in support of precautionary efforts made by OPEC+ to enhance the stability of oil markets.

    The Ministry of Energy and Minerals explains that this additional reduction is in pursuance of previous voluntary reduction of 40,000 barrels per day until December 2024.

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