UAE, Saudi, Oman and Kuwait to cut oil production from May to end of 2023
02 Apr 2023
Al Mazrouei added, in a statement, that this voluntary cut is a precautionary measure taken to achieve balance in the oil market, in addition to that it comes within the framework of the production cut agreed upon at the thirty-third ministerial meeting of OPEC Plus, which was held on October 5, 2022.