Saudi Arabia To Cut Oil Output By Additional 200,000 Bpd Under New Deal - Iraqi Minister

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Saudi Arabia to Cut Oil Output by Additional 200,000 Bpd Under New Deal - Iraqi Minister

Saudi Arabia will reduce oil production under the new OPEC-non-OPEC agreement by additional 200,000 barrels per day as it has already cut output by 500,000 bpd, Iraqi Oil Minister Thamir Ghadhban told reporters on Friday.

VIENNA (UrduPoint News / Sputnik - 07th December, 2018) Saudi Arabia will reduce oil production under the new OPEC-non-OPEC agreement by additional 200,000 barrels per day as it has already cut output by 500,000 bpd, Iraqi Oil Minister Thamir Ghadhban told reporters on Friday.

Participants of the OPEC-non-OPEC oil production cut deal agreed during a meting in Vienna earlier in the day to reduce overall oil production by 1.2 billion barrels per day.

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