OPEC and its allies are still intending to taper their crude oil production cuts by almost 2 million b/d at the start of 2021, UAE energy minister Suhail al-Mazrouei said Oct. 13. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “That is the agreement we signed. It is very clear,” Mazrouei said at the Energy Intelligence Forum. “There have been no changes to the agreement that I am aware of.” The 23-country OPEC+ alliance is in the midst of a 7.7 million b/d production cut accord that is scheduled to shrink to 5.8 million b/d from January 2021 through April 2022, in anticipation of improving demand as the world recovers from the coronavirus pandemic. But […]