{"id":100065,"date":"2023-12-01T18:27:36","date_gmt":"2023-12-01T18:27:36","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels"},"modified":"2023-12-01T19:08:30","modified_gmt":"2023-12-01T19:08:30","slug":"opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels","title":{"rendered":"OPEC+ countries announce daily voluntary output cuts by 2.2M barrels"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>Several OPEC+ countries announced Thursday that they have agreed to voluntarily cut oil production by a total of 2.2 million barrels per day (bpd) in the first quarter of 2024<\/p>\n

The additional voluntary cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, include Saudi Arabia by 1 million bpd, Iraq by 223,000 bpd, the United Arab Emirates by 163,000 bpd, Kuwait by 135,000 bpd, Kazakhstan by 82,000 bpd, Algeria by 51,000 bpd and Oman by 42,000 bpd.<\/p>\n

Russia will cut 500,000 bpd for the same period from the average export levels of May and June of 2023. It will consist of 300,000 bpd of crude oil and 200,000 bpd of refined products.<\/p>\n

The voluntary cuts will be in place from January until March of next year and will be returned gradually subject to market conditions \u201cto support market stability.\u201d<\/p>\n

The voluntary cuts will be in addition to the current collective production cuts of 3.6 million bpd reaffirmed during the 36th OPEC and non-OPEC Ministerial Meeting earlier on Thursday that will run until the end of 2024.<\/p>\n

The collective output cuts include a 2 million bpd production cut implemented in October 2022 and 1.6 million bpd ongoing since May.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. Several OPEC+ countries announced Thursday that they have agreed to voluntarily cut oil production by a total of 2.2 million barrels per day (bpd) in the first quarter of 2024 The additional voluntary cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, include Saudi […]<\/p>\n","protected":false},"author":84,"featured_media":100064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,9546,9231,711,11162],"class_list":["post-100065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-crude-oil","tag-opec-2","tag-tanzania","tag-voluntary-cuts"],"yoast_head":"\nOPEC+ countries announce daily voluntary output cuts by 2.2M barrels - Tanzania<\/title>\n<meta name=\"description\" content=\"Several OPEC+ countries announced Thursday that they have agreed to voluntarily cut oil production by a total of 2.2 mil ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPEC+ countries announce daily voluntary output cuts by 2.2M barrels\" \/>\n<meta property=\"og:description\" content=\"Several OPEC+ countries announced Thursday that they have agreed to voluntarily cut oil production by a total of 2.2 mil ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-01T18:27:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-01T19:08:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/12\/sm_1701444702.701888.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"OPEC+ countries announce daily voluntary output cuts by 2.2M barrels\",\"datePublished\":\"2023-12-01T18:27:36+00:00\",\"dateModified\":\"2023-12-01T19:08:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/12\/sm_1701444702.701888.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"crude oil\",\"OPEC+\",\"tanzania\",\"voluntary cuts\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/opec-countries-announce-daily-voluntary-output-cuts-by-2-2m-barrels\",\"name\":\"OPEC+ countries announce daily voluntary output cuts by 2.2M barrels - 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