Group 1 - Saudi Arabia has reduced its oil output by 2 million to 2.5 million barrels per day [1] - The United Arab Emirates has cut its oil output by 500,000 to 800,000 barrels per day [1] - Kuwait has decreased its oil output by 500,000 barrels per day [1] - Iraq has lowered its oil output by approximately 2.9 million barrels per day [1]