Oil production in the world’s biggest oil producer is expected have fallen by almost 40 percent to 1.6 million barrels per day (bpd) this year, the first drop since 2007.
The oil industry’s chief executive, Ali al-Naimi, told Reuters the fall was the result of the closure, which had a significant impact on the industry.
It was also the result, al-Baghdadi said, of the reduction in production of natural gas and coal, which were used in the fuel.
The world’s oil production dropped by almost 5 million bpd in 2022 compared to the same year a year earlier.
“We expect that to fall to around 1.5 million bp this year,” he said.
Al-Najari said he expected the oil market to see a further decline in 2019.
Coal is the biggest source of carbon dioxide emissions in the global economy.
Last year, China accounted for nearly half of the world carbon emissions, accounting for almost 80 percent of global CO2 emissions.
Saudi Arabia, a key US ally, and Russia also saw their carbon emissions rise.
In June, Russia announced it was banning coal-fired power plants from the electricity grid.