The State of Kuwait has voluntarily extended an additional cut in oil production into the second quarter. The agency reports this, citing Oil Minister Imad al-Atiqi. kuna.
It was announced that Kuwait became the first OPEC+ country to reduce production by 135 thousand barrels per day in the first quarter and announce that the measures were extended for the next quarter. According to the same time BloombergKuwait and other states that have made similar commitments have agreed to extend oil production cuts until June 2024.
Before reportedHe said that the average daily oil production of the countries participating in the OPEC + agreement in January 2024 decreased by 340 thousand barrels compared to December 2023, reaching 41.2 million barrels per day. Most of the reduction occurred in 12 OPEC countries (310 thousand barrels per day). The remaining OPEC+ members, who are not members of the cartel, reduced production by only 30 thousand barrels per day.
previously Angola reported About the first results on oil production after leaving OPEC.