Voluntary oil output cuts by OPEC+ countries 2023

The total amount of crude oil output cuts by OPEC+ member countries will amount to 1.16 million barrels per day from May 2023 to December 2023. Saudi Arabia, one of the world's largest oil producers, announced that its voluntary oil output reduction would amount to some 500,000 barrels per day (b/d), which would be by far the highest output cut among the OPEC+ countries. This was followed by Iraq, which plans to decrease its output by 211,000 b/d.The announcement that OPEC+ countries' plan to cut oil outputs from May 2023 through December 2023 was a surprise, and the move is expected to increase oil prices by as much as 10 U.S. dollars per barrel according to some analysts.

自2023年5月至12月，OPEC+成员国削减的原油总产量将达到每日116万桶。沙特阿拉伯，作为世界上最大的石油生产国之一，宣布其自愿减少的石油产量约为每日50万桶，这将是OPEC+国家中产量削减幅度最大的。紧随其后的是伊拉克，计划减少其产量每日21.1万桶。OPEC+国家计划自2023年5月至12月削减石油产量的公告出人意料，据一些分析师预测，此举预计将使油价上涨高达每桶10美元。