Riyadh, June 4 (BNA): An official source at the Ministry of Energy announced, as a precautionary measure, that the Kingdom of Saudi Arabia will extend its optional cut of 500,000 barrels per day until the end of December 2024, in coordination with some countries participating in the OPEC Plus agreement.
This voluntary reduction from the required level of production as agreed upon today at the thirty-fifth ministerial meeting of OPEC Plus, according to the Saudi Press Agency.