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

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

A single machine aims to replace the laundry room, steam closet, and robot vacuum cleaner: Dreame unveils a 6-in-1 tower with four washer-dryers, a clothing closet, and a cleaning robot hidden in the base.

Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.

A ship that departed from China unloads 90 electric buses at the Port of Vitória, takes the fleet to the DF in batches of 15 vehicles, and begins a renovation that promises to serve 67,000 passengers per day in Brasília.

A doorman earning BRL 1,620 and living with his family in a single room discovers 5 companies opened in his name, sees his debt exceed BRL 8 million, and is trying to prove he became a straw man in a scheme involving copied and pasted signatures.

Chile approves US$5 billion megaproject to draw almost 1.7 million tons of water from the Pacific every day, desalinate the sea and push the resource 480 km to cities and mining companies in the world’s driest desert.

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

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.

Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.

Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.

China discovers more than 200 new oil and gas fields in the last five years

Petrobrás indicates a strong first quarter in 2026 with high production, robust cash generation, and an expectation of up to $2.4 billion in dividends for shareholders.

A single machine aims to replace the laundry room, steam closet, and robot vacuum cleaner: Dreame unveils a 6-in-1 tower with four washer-dryers, a clothing closet, and a cleaning robot hidden in the base.

Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.

A ship that departed from China unloads 90 electric buses at the Port of Vitória, takes the fleet to the DF in batches of 15 vehicles, and begins a renovation that promises to serve 67,000 passengers per day in Brasília.

A doorman earning BRL 1,620 and living with his family in a single room discovers 5 companies opened in his name, sees his debt exceed BRL 8 million, and is trying to prove he became a straw man in a scheme involving copied and pasted signatures.

Chile approves US$5 billion megaproject to draw almost 1.7 million tons of water from the Pacific every day, desalinate the sea and push the resource 480 km to cities and mining companies in the world’s driest desert.