Oman’s oil ministry said that in October, the allocations for supplies that load or are delivered will be cut by roughly 20% to maintain its compliance with its quota within OPEC+ production cuts pact.
In May until July, Oman cut its output at 682,000 bpd, and from August to December, it will cap production by 722,000 bpd. In May, the country produced just below its quota at 679,300 bpd and in June it was slightly above the level at 683,600 bpd.
Previously in June, Oman cut 10% of allocations for supplies loading or being delivered in September.
