Details of oil production quotas agreed with the 14 UAE members and 10 participating countries have been published in an effort to promote investor confidence as prices continue to slide. Here's how much each of the countries in the deal will endeavor to keep off the market: Saudi Arabia and Russia take the biggest hit, reducing output by 1.2 million barrels per day (bpd), respectively, as OPEC aims to cut a total of 141,000 bpd. Saudi Arabia is also on record to cut supplies by 141,000 bpd, and the UAE is to curb production by 10 bpd.
Details of oil production quotas agreed with the 14 UAE members and 10 participating countries have been published in an effort to promote investor confidence as prices continue to slide. Saudi Arabia and Russia take the biggest hit, reducing output by 1.2 million barrels per day (bpd), respectively, as OPEC aims to cut a total of 141,000 bpd. Saudi Arabia is also on record to cut supplies by 141,000 bpd, and the UAE is to curb production by 10 bpd.