UAE to cut oil production by another 100,000 barrels from June
Saudi Arabia on Monday confirmed it will remove an additional 1m barrels a day
Image Credit: WAM
Dubai: The UAE will cut its oil output by 100,000 barrels per day more in June than its commitments under the OPEC+ pact, the energy minister said, thus joining Saudi Arabia and Kuwait in announcing new crude supply reductions.
"In support of efforts led by the Kingdom to further restore stability to energy markets, the UAE has committed to undertake an additional voluntary cut of 100,000 barrels per day in the month of June," Suhail al-Mazrouei said in a statement.