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Mass media / Periodicals

Saudi Arabia cut oil production in November

"Oil of Russia" 03.10.2019 at 13:54

Saudi Arabia has restored oil production to a level of 11.3 million barrels per day, but by the end of November, production will be reduced under the agreement OPEC and non-cartel countries on the reduction of oil production level (OPEC transaction+). This was stated at the forum "Russian energy week" the Minister of energy, industry and mineral resources of Saudi Arabia Abdulaziz bin Salman bin Abdulaziz al Saud.

"We've stabilized production volumes at the level of 11.3 million barrels per day. By the end of November we will return to the previous volume of production, in the framework of obligations," he said.

on 14 September of the current year there have been attacks on oil facilities a Saudi company, Saudi Aramco in the cities of Houris and Hail, reported Saudi Press Agency. Because of the explosions was temporarily suspended manufacturing operations at these facilities. As acknowledged in Riyadh, the bombs stopped power, producing 5.7 million barrels of oil per day. In General, the daily oil production in the Kingdom dropped by almost half. Responsibility for the attack has taken the Yemeni Houthis.

Source: RNS