Suhail Al Mazrouei, the UAE Minister of Energy and Industry, announced that his country will voluntarily reduce its additional oil production by 100,000 barrels per day for next June. According to the Emirates News Agency, this reduction comes in support of the Kingdom of Saudi Arabia's efforts to rebalance the global oil market. His Excellency added in a statement that after the UAE’s oil production ceiling exceeded 4 million barrels per day in April, the country, in support of the OPEC Plus agreement, committed to the quota. .
