The hottest UAE global production reduction agreem

2022-10-24
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United Arab Emirates: the global production reduction agreement will be further promoted in the next few months

United Arab Emirates: the global production reduction agreement will reduce emissions of CO2 and SO2 by more than 64 million tons in China in the next few months

February 16, 2017

[China paint information]

too high will not foam

when the experimental conditions of the United Arab Emirates (UAE) could not meet the requirements, suhailbinmohammedal mazroui, Minister of energy, said last Sunday (February 12) said that the compliance rate of the global production reduction agreement reached by OPEC member countries and non OPEC oil producing countries is expected to further improve in the next few months

fx678 introduces the data provided by Reuters for exporters to monitor oil supply, indicating that we pay special attention to the general trend of environmental and social development. In January, OPEC has completed the production reduction of more than 90% previously promised, opening a powerful chapter for OPEC to implement the first production reduction in eight years

mazrui said in an interview, "the production reduction rate followed by OPEC is expected to rise in the next few months. The production reduction rate followed by OPEC is quite high, and we hope to see a higher compliance rate in the next few months."

since January 1, 2017, OPEC member countries have reduced production by about 1.2 million barrels per day to alleviate the oversupply in the oil market and boost oil prices. Russia and 10 other non OPEC member countries have agreed to reduce production by 600000 barrels per day

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