Kuwait is committed to cutting output by 131,000 b / d in January in line with its commitments under OPEC's output reduction deal, oil minister Essam al - Marzouq said Thursday. (news.peak-oil.org)
But it's also worth watching the key decision makers both in and out of the cartel as we approach the next OPEC meeting in May, during which producers will decide whether to extend the November output reduction agreement for another six months. (businessinsider.com)
The expected reduction in overall gross output went from 0.5 % in the first scenario to ten per cent in the latter one — although some individual sectors would see output reductions of nearly 25 %. (politics.co.uk)