Required cut: 380,000 bpd
Reported cut: Abu Dhabi National Oil Co (ADNOC) said it
would supply 15 percent below contracted volumes of Murban,
Lower Zakum and Umm Shaif crudes in May, the same as April,
while supplies of Upper Zakum will be cut by 10 percent versus
a 17 percent cut in April.
News: UAE to boost Upper Zakum crude supply, others steady
Required cut: 360,000 bpd
Reported cut: Venezuela reduced crude shipments to U.S.
refineries Chalmette and Sweeney, as well as other foreign oil
News: Venezuela reducing oil to U.S. refineries on OPEC cut
- OPEC member Iraq has no quota.
- Indonesia left OPEC at the end of 2008.
* Includes 2 million bpd of existing cuts plus 2.2 million
bpd of new cuts agreed on Dec. 19 effective from Jan. 1