Citation :
Saudi Arabia will make new voluntary cuts as part of an OPEC+ deal, an OPEC+ source told Reuters on Sunday. Saudi Arabia will make voluntary 1mn b/d cut starting in July for a month that can be extended, so that the Kingdom’s production becomes 9 million barrel per day, and the Kingdom’s total. Two other OPEC+ sources said the group is likely to agree a policy roll over until 2023 and make additional cuts in 2024 if new production baselines for members are agreed. russia, angola, nigeria to all see significant production target cuts in 2024 opec+ says russia will extend its voluntary cut of 500,000 bpd until the end of 2024 opec lowers its oil output target for 2024 by 1.4 mln
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