KUALA LUMPUR: Malaysia has agreed to cut its crude oil production by 136,000 bpd for May and June despite being a small producer and net importer of oil, its minister in charge of economic affairs said on Wednesday.
It said it welcomes the supply reduction agreement between Opec members and allies, as it would stabilise the global oil market and ensure supply security for consumers.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!