UAE to voluntarily cut oil output by 163,000 bpd in Q1 - state news agency
- Country:
- United Arab Emirates
The United Arab Emirates will voluntarily cut its oil output by 163,000 barrels a day from the start of January to the end of March, state news agency WAM said on Thursday.
The UAE's oil production will be 2.912 million bpd from Jan. 1 to end-March, WAM said. After that, the additional cut in volume will be returned gradually, subject to market conditions, it added.
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