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KSA orders voluntary additional oil output cut

KSA orders voluntary additional oil output cut
Saudi oil production in June is seen at 7.492 million b/d
SAUDI ARAMCO
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Riyadh – Mubasher: Saudi Arabia’s Ministry of Energy has directed Saudi Aramco to reduce crude oil production in June, Saudi Press Agency (SPA) reported.

The output will include an extra voluntary amount of one million barrels per day (b/d), in addition to the reduction agreed as per the recent OPEC+ agreement, raising the production cut to about 4.8 million b/d.

Therefore, Saudi oil production next month is expected at a level of 7.492 million b/d.

As for May, the energy ministry directed a decline in production from the target level of 8.492 million b/d.