as a result, the production of oil in Saudi Arabia in June will drop to 7.5 million barrels per day. Previously, under the terms of the agreement OPEC+, Saudi Arabia were to cut production, along with Russia, to 8.5 million barrels per day.
Production of oil by Saudi Arabia in March reached 12.3 million barrels per day. Thus, in June the cumulative decline in production in the Kingdom will amount to 4.8 million barrels per day.
a New OPEC deal+ since may 1 of this year. Until the end of June this year, the total decrease in production is expected to reach 9.7 million barrels per day, from July to the end of December – 7.7 million barrels per day, and from the beginning 2021 through may 2022 to 5.8 million barrels. The next meeting of the countries participating in OPEC+ is scheduled for June, but the exact date is unknown.
