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In a showcase of the country’s commitment to the full market recovery of the oil sector, Saudi Arabia extends its one million barrels per day voluntary production cut into April. Current production levels are expected to remain unchanged for most oil producers, except for Russia and Kazakhstan who will be allowed to expand production by 130,000 (Russia) and 20,000 (Kazakhstan) barrels per day. 

Production Levels to Remain Unchanged through April as Saudi Extends Voluntary Additional Cuts

In a showcase of the country’s commitment to the full market recovery of the oil sector, Saudi Arabia extends its one million barrels per day voluntary production cut into April. Current production levels are expected to remain unchanged for most oil producers, except for Russia and Kazakhstan who will be allowed to expand production by 130,000 (Russia) and 20,000 (Kazakhstan) barrels per day. 

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