UAE Cuts More In March/April, Questions OPEC Secondary Sources

By Tsvetana Paraskova The United Arab Emirates – which has, so far, failed to bring its production below the level required in OPEC’s production cut deal – is committed to the agreement and will be cutting this month and next more than the 139,000 bpd it had pledged, UAE’s Energy Minister Suhail al-Mazrouei has said. Under OPEC’s production cut deal, UAE agreed to cut 139,000 bpd from the October 2016 reference production level of 3.013 million bpd, and to keep output capped at 2.874 million bpd between January and June. According to OPEC’s…

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