MIQUELON PM SVALBARD AND JAN MAYEN SJ SAINT VINCENT AND THE GRENADINES VC SWAZILAND SZ SAMOA WS SWEDEN SE SAN MARINO SM SWITZERLAND CH SAO TOME AND PRINCIPE ST SYRIAN ARAB REPUBLIC SY SAUDI ARABIA SA TAIWAN
in the form of the cooperation between OPEC countries to reduce production volume, which reduced more than 150% of their target in Q1; majority of the reduction can be attributed to Saudi Arabia. Crude
/Country IOSCO MMOU Signatory A OECD กลุ่มประเทศ GMS 76 Palestine - - 77 Peru - - 78 Poland - 79 Portugal - 80 Qatar - - 81 Quebec - - 82 Romania - - 83 Russia - - 84 Saudi
that the amount of oil produced is to be lowered by 9. 7 million barrels per day in May and June 2020. Simultaneously, Saudi Arabia announced to cut oil output by an extra 1.0 million barrels per day in
September 2019, which consequently resulted in a fire. The incident resulted in Saudi Arabia having to temporarily halt oil production by 50% or the equivalent of 5.7 million barrels per day, Saudi Arabia is
production reduction period by 9 months to the end of December 2018. The market received pressure from the tension in the Middle East due to the conflict between Saudi Arabia and Iran over concerns of war in
further clamped down from Saudi Arabia lowering their crude export in the quarter due to increasing demand in the nation during the summer. As well as, Libya and Nigeria, both members of OPEC which did not
after Saudi Arabia lowered its production throughout Q1/2019, raising Dubai crude oil price in comparison to Dated Brent. Whereas, Dated Brent oil price was under pressure, after Shale Oil production of 7
levels far below their agreed upon target by 150% during Q2/2018, which can mostly be attributed to reductions by Saudi Arabia, and production difficulties in Venezuela, as well as the US opting out of the
to lower production once again by 1 million barrels per day for the first half of 2019, beginning in January 2019. While Saudi Arabia has lowered their production levels prior in December 2018 by as