Oman to cut oil output by 2 percent

  • Money Digest

Dec 16, 2018-

Oman will be cutting oil output by 2 percent from January for an initial period of six months, according to a letter sent to customers of Omani oil by the country’s oil and gas ministry, which was seen by Reuters. The output reduction is in implementation of a agreement by The Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC crude exporters to reduce global supply, the letter said. Oman is not a member of OPEC. (REUTERS)

Published: 16-12-2018 08:48

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