SaudiArabiahasreducedoilproductiontolessthan10millionbarrelsaday,below its targeted level, and will consider renewing its pledge to cut crude output in six months, Energy Minister Khalid Al-Falih said.
沙特能源部长Khalid Al Falih称沙特阿拉伯已将产油量减至1000万桶/日以下，低于目标水平，并将考虑在六个月后续签减产协议。
The world’s biggest oil exporter is currently producing at a 22-month low. It had agreed to cut 486,000 barrels a day to 10.058 million barrels a day as part of a global deal to reduce output to curb a supply glut. The caps on production, together with rising demand and natural decreases in output in some countries, will help balance the market and support prices, Al-Falih said in a speech at an energy conference in Abu Dhabi.
“Oil production now is below 10 million so far,” he told reporters later on Thursday. “So we’re going the extra mile to lead our colleagues within and outside of OPEC to make sure that the market sees that there’s serious action in place.” Kuwait has also exceeded its targeted cut, according to that country’s oil minister.
Saudi Arabia is due to meet fellow members of the Organization of Petroleum Exporting Countries in May at their bi-annual meeting in Vienna to assess the market and the group’s production policy. OPEC states will also gather with major producers outside the group later this month in the Austrian capital to monitor their compliance with the production cuts, which aim at shoring up prices. Benchmark Brent crude was 71 cents higher at $55.81 a barrel in London at 12:17 a.m. local time.
Oil was trading in New York at $53.02 a barrel, up 77 cents, at about 8:10 a.m. Central.
“We have been moving toward a re-balanced market for some time — too slowly to my liking,” Al-Falih said. “The pace of re-balancing will be accelerated due to the recent agreements within OPEC and with our party from outside” the group. “We will consider renewing” the agreement after six months, he said. Saudi oil output was last below 10 million barrels a day in February 2015, according to data compiled by Bloomberg.
Al-Falih’s comments amplified remarks made earlier at the same event by OPEC Secretary-General Mohammad Barkindo, who said global oil inventories will start to fall by the second quarter of this year and that crude-producing countries will decide in May whether to extend their output cuts beyond the first half.
早前，欧佩克秘书长Mohammad Barkindo就此事发表评论，称到今年第二季度，全球石油库存将开始下降，此外，产油国将于5月份决定下半年是否加大降产力度，而Al Falih的评论则对此做出进一步阐释。
Global macroeconomic numbers have responded “positively” to the agreement between OPEC and non-OPEC producers to pare output, Barkindo said at the Atlantic Council Global Energy Forum. “We have our target in accelerating those draw-downs to bring them closer to the five-year level — that is our target,” he told reporters. OPEC isn’t targeting a specific price for crude, he said.
Barkindo在大西洋理事会全球能源论坛（Atlantic Council Global Energy Forum）上表示，全球宏观经济数据“积极”反映了欧佩克和非欧佩克产油国之间的降产协议取得的显著成效。他告诉记者：“我们致力于加快实现油市平衡，尽快使起伏不定的油市趋近过去五年的水平——这就是我们的目标。”他说，欧佩克并非要促成油价达到某一具体值。
The cuts began on Jan. 1 and are to stay in effect though June. Oil markets should be in balance in six months, and it’s premature to decide whether additional cuts will be needed, United Arab Emirates Energy Minister Suhail Al Mazrouei said at the Abu Dhabi conference. Countries with a naturally declining output of oil are contributing to a decrease in global production, he said.
科威特从1月1日开始减产，将一直持续到6月。阿联酋能源部长Suhail Al Mazrouei在阿布扎比会议上称，六个月内石油市场必将保持平衡，现在决定是否需要额外的减产还为时过早。他称那些石油产量自然下降的国家也在促进全球石油减产。
Kuwait has cut 133,000 barrels a day of oil output and is currently producing 2.7 million barrels a day, Oil Minister Essam Al-Marzouk said at the conference. The production cut will be reflected in Kuwait’s crude exports, he said. Kuwait had agreed to cut 131,000 barrels a day in the global deal to reduce output.
Total SA Chief Executive Officer Patrick Pouyanne, speaking at the same event, said he expects that the decline in oil inventories will take two years.
Barkindo expressed confidence in the level of commitment from all countries participating in the agreement to decrease supply. “I met with the Iraqi minister this morning,” he said. “He has reassured me Iraq will implement its part of the deal fully and on a timely basis.”
A committee of OPEC and non-OPEC producers responsible for monitoring compliance with the cuts will hold its first meeting on Jan. 22 in Vienna, Barkindo said. The committee, with Kuwait as chairman, also includes Algeria, Venezuela, Russia and Oman.