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Petronas to cut oil output by 20,000 barrels per day

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The decision by Petronas Nasional to cut its oil production by 20,000 barrels per day (bpd), while largely symbolic, underscores its commitment to the joint effort by the Organization of the Petroleum Exporting Countries (Opec) and other oil-producing nations to stem the glut.

Kuala Lumpur

THE decision by Petronas Nasional to cut its oil production by 20,000 barrels per day (bpd), while largely symbolic, underscores its commitment to the joint effort by the Organization of the Petroleum Exporting Countries (Opec) and other oil-producing nations to stem the glut

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