Abu Dhabi – Mubasher: The UAE’s oil output decreased to 2.9 million barrels per day (bpd) in November from 2.95 million bpd in October, informed sources told Reuters.
The production cut was implemented in compliance with OPEC’s agreement of production reduction, Reuters reported.
“Abu Dhabi National Oil Company (ADNOC) stated last week that it has cut oil supplies to customers for January by reducing Murban grade by 15%, Das grade by 5%, and Upper Zakum by 15%,” the international news agency concluded.
OPEC and non-OPEC members agreed earlier in Russia to extend output cut agreement to the end of 2018.
