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

Seja o primeiro a reagir!

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

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Few people know this, but a new type of brick created by students does not require high temperatures, uses human urine in the process, hardens in a few days, and also helps reduce pollution generated by the construction industry.

British tourist pays nearly R$ 10,000 for kebab in Copacabana and scandal reveals shocking scheme of scams against foreigners on the beaches of Rio de Janeiro.

Scientists discover unexpected climate benefit hidden in forest soils related to atmospheric methane absorption.

Scientists discover ancient geological process that created rare earth elements, and the discovery could help locate critical deposits.

Who is the owner of the largest mansion in Brazil, which resembles a shopping mall, costs around R$ 1 billion, and has 17,800 m² of built area in Alphaville?

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

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

More than R$ 526 million generated in oil in 2025 was not enough to place Espírito Santo in the lead of innovation — and the data shows exactly where the bottleneck is.

With salaries of up to R$ 30,000 and 2,500 open positions, a shipyard in Aracruz (ES) is at the center of a billion-dollar project by Petrobras that involves platforms capable of producing 225,000 barrels per day.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Government orchestrates strategy to revive the state-owned BR Distribuidora and contain the brutal surge in oil prices that has reached the mark of $100.

Few people know this, but a new type of brick created by students does not require high temperatures, uses human urine in the process, hardens in a few days, and also helps reduce pollution generated by the construction industry.

British tourist pays nearly R$ 10,000 for kebab in Copacabana and scandal reveals shocking scheme of scams against foreigners on the beaches of Rio de Janeiro.

Scientists discover unexpected climate benefit hidden in forest soils related to atmospheric methane absorption.

Scientists discover ancient geological process that created rare earth elements, and the discovery could help locate critical deposits.

Who is the owner of the largest mansion in Brazil, which resembles a shopping mall, costs around R$ 1 billion, and has 17,800 m² of built area in Alphaville?