UAE Reduces Oil Production by 3.1% under OPEC Deal

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As part of the OPEC transaction. the UAE reduced daily oil production to 3.05 million barrels last month. MK reported referring to Bloomberg.

According to the December deals between the Organization of the Petroleum Exporting Countries and the ten acceding countries. the Emirates should reduce the production of oil from 3.168 million barrels per day to 96.000 barrels per day. the source noted.