Riyadh – Mubasher: Crude production cuts by the OPEC+ alliance will amount to 12.5 million barrels per day, according to the Saudi Minister of Energy.
This is due to higher output this month from Saudi Arabia, the UAE, and Kuwait, Prince Abdulaziz bin Salman told Reuters on Sunday.
OPEC and other major oil producers agreed to a record output curb that represents around 10% of the global supply, in order to offset the effects of the new coronavirus (COVID-19) pandemic.
