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UAE delivers 2.4m bpd in May

UAE delivers 2.4m bpd in May
The UAE's oil production in May came in line with the OPEC+ agreement

UAE - Mubasher: The UAE has produced 2.40 million crude oil barrels per day (bpd) in May, a source told Reuters.

The UAE's oil production in May came in line with OPEC+ agreement to cut oil supply by 9.7 million bpd as of 1 May, due to a decrease in demand caused by the coronavirus (COVID-19) pandemic, which resulted in price fluctuations.

At the same time, the share of OPEC members in the reduction in output cuts is 6.084 million bpd.