Arábia Saudita cortará produção de petróleo em mais 1 milhão barris por dia

Saudi Arabia Will Cut Oil Production By An Additional 1 Million Barrels Per Day

Written by Flavia Marinho

Published on 11/05/2020 at 15:54

Arábia Saudita cortará produção de petróleo em mais 1 milhão barris por dia

Be the first to react!

In An Effort To Increase Oil Prices, Saudi Arabia Announces Cut In Production Of 1 Million Barrels Per Day (mbd), Starting Next Month

In an effort to increase oil prices, on Monday (11) the Saudi Ministry of Energy announced that it has instructed the state-owned oil company Aramco to reduce production in June by 1 million barrels per day, in addition to the supply cuts already agreed upon under an OPEC+ deal. 36 Oil Fields Hibernated In Brazil Due To The Pandemic

Read Also

According to the Ministry of Energy in a statement cited by the official news agency SPA, this cut will reduce the production of the world’s largest oil exporter to 7.5 million barrels per day.

According to Kuwait’s Khaled al-Fadhel, Minister of Oil, in order to support the Saudi initiative, the country is expected to cut its production by 80,000 barrels per day.

ARTICLE CONTINUES BELOW

See also

In support of Saudi Arabia’s efforts to balance the oil market, another Riyadh ally, the United Arab Emirates, announced a reduction of 100,000 barrels per day in its production starting in June.

In the agreement concluded in April, Saudi Arabia had already reduced its production to 8.5 million barrels, reaching the lowest level in over a decade.

Despite these massive reductions, prices have yet to recover, in the absence of a real recovery in demand, paralyzed by the crisis related to the new coronavirus.

“The kingdom seeks through this new reduction to encourage OPEC countries and oil-producing countries outside of OPEC to honor their promises to cut their production and make additional reductions to support the stability of the global oil market”, said the Saudi Ministry.

Currently, the price of oil is around 30 dollars.

oil price

Saudi Arabia Will Cut Oil Production By An Additional 1 Million Barrels Per Day

In An Effort To Increase Oil Prices, Saudi Arabia Announces Cut In Production Of 1 Million Barrels Per Day (mbd), Starting Next Month

Read Also

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

While Brazil is still discussing infrastructure for electric vehicles, China operates a giant yard with hundreds of trucks, 216 plugs, 1.44 MW chargers, and 300,000 kWh delivered in a single day, showing how heavy recharging has already become a logistical routine.

7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.

The 7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.

The 7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.

The 7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.

Saudi Arabia Will Cut Oil Production By An Additional 1 Million Barrels Per Day

In An Effort To Increase Oil Prices, Saudi Arabia Announces Cut In Production Of 1 Million Barrels Per Day (mbd), Starting Next Month

Read Also

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago

More than 40 Petrobras platforms enter the decommissioning queue and open up a billion-dollar industry in Brazil for cranes, special ships, underwater cutting, and offshore recycling.

ANP schedules oil auctions in October and reinforces regulatory predictability for concessions, sharing, and investments in the oil and gas sector

While Brazil is still discussing infrastructure for electric vehicles, China operates a giant yard with hundreds of trucks, 216 plugs, 1.44 MW chargers, and 300,000 kWh delivered in a single day, showing how heavy recharging has already become a logistical routine.

7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.

The 7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.

The 7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.

The 7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.