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- Saudi Arabia's energy ministry says the kingdom will cut its oil production by extra voluntary amount of 1 million bpd in June
Saudi Arabia's energy ministry says the kingdom will cut its oil production by extra voluntary amount of 1 million bpd in June
- This brings the total output cut carried out by the kingdom, to around 4.8 million barrels per day from April production level
- Kingdom's oil production for June, after both its targeted and voluntary cuts, will be 7.492 million barrels per day
- Saudi Arabia aims through this additional cut to encourage OPEC+ participants and other producers to comply with the production cuts they have committed to
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