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Saudi Ministry of energy: extending the kingdom's voluntary reduction until the end of 2024

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Economy, Jun 04.2023 at Macca 8:01

An official source at the Saudi Ministry of Energy announced that as a precautionary measure, the kingdom will extend its voluntary cut of 500 thousand barrels per day until the end of December 2024 in coordination with some countries participating in the OPEC plus agreement.
This voluntary reduction from the required production level as agreed at the thirty-fifth OPEC plus ministerial meeting on June 4, 2023.