UAE - Mubasher: The UAE has produced 2.40 million crude oil barrels per day (bpd) in May, a source told Reuters.
The UAE's oil production in May came in line with OPEC+ agreement to cut oil supply by 9.7 million bpd as of 1 May, due to a decrease in demand caused by the coronavirus (COVID-19) pandemic, which resulted in price fluctuations.
At the same time, the share of OPEC members in the reduction in output cuts is 6.084 million bpd.
