SZO - Even The President Of OPEC Didn't Abide By Production Quotas

On Dec. 7, 2018, HE Suhail Mohamed Al Mazrouei, UAE's Minister of Energy & Industry, and President of the OPEC Conference, announced that OPEC and non-OPEC members had reached a decision to jointly cut production by 1.2 million barrels per day, effective as of January 2019 for an initial period of six months. The contributions from OPEC and the voluntary contributions from non-OPEC participating countries of the "Declaration of Cooperation" would correspond to 0.8 mb/d (2.5%), and 0.4 mb/d (2.0%), respectively.

HE Suhail Mohamed Al Mazrouei, UAE's Minister of Energy & Industry, and President of