Saudi Arabia extends decision to reduce oil production

Riyadh: Saudi Arabia has announced an extension of 1 million barrels per day of oil production for another three months.

According to the Saudi Ministry of Energy, the country will voluntarily cut daily crude oil production until December.

The Saudi Ministry of Energy stated that crude oil production in October, November and December will be around 09 million barrels per day.

An Arab media report cited official sources as clarifying that the oil production cuts will continue until the end of December 2024, in addition to the voluntary cuts announced by the kingdom in April.