UAE pumps 2.40mln bpd in May in line with OPEC+ pact -source


DUBAI – The United Arab Emirates pumped 2.40 million barrels of crude per day (bpd) in May, in line with its commitment under the OPEC+ oil supply cut pact, an industry source familiar with the matter told Reuters on Sunday.

OPEC and its allies, a group known as OPEC+, agreed to cut supply by a record 9.7 million bpd from May 1 to offset an oil price and demand slump triggered by the coronavirus crisis. OPEC’s share of the cut is 6.084 million bpd.

(Reporting by Rania El Gamal; Editing by Christopher Cushing) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: @RaniaElGamal10))



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