Oman says will cut oil output by 200,000 bpd from May 1 as OPEC+ pact

MG News | April 14, 2020 at 10:43 AM GMT+05:00

0:00

April 14, 2020: Oman has told its oil producing companies to cut 200,000 barrels per day starting from May 1 until the end of June in line with OPEC+ crude supply reduction pact and will inform its customers of the same plan, its oil ministry said.

OPEC and allies led by Russia, a group known as OPEC+, agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by up to 20%.

Gulf oil producer Oman is a member of the OPEC+ alliance.

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	147,005.32 331.79M	0.05% 75.48
ALLSHR	90,770.06 688.79M	-0.03% -22.92
KSE30	45,011.74 117.52M	-0.20% -92.29
KMI30	209,040.38 123.12M	-0.23% -484.15
KMIALLSHR	60,570.85 403.80M	-0.24% -144.92
BKTi	40,955.75 29.16M	0.70% 283.76
OGTi	31,171.27 36.66M	-2.00% -637.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	120,215.00	120,680.00 118,600.00	750.00 0.63%
BRENT CRUDE	66.11	67.06 65.98	-0.52 -0.78%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	63.18	64.34 63.06	-0.78 -1.22%
SUGAR #11 WORLD	16.95	17.05 16.53	0.46 2.79%