The cut in exports is part of the strategy the Organization of Petroleum Exporting Countries adopted in 2016 to fight a worldwide oil glut, which caused prices to fall.
This is coming as OPEC in its November oil market report released yesterday, increased the forecast for 2018 demand for its crude by 360,000 barrels per day, from last month's report to 33.42 million bpd.
Oil prices eased for a third day on Tuesday as traders and investors questioned how much the prospect of further rises in USA output might overshadow some of the optimism that OPEC-led production cuts would tighten the balance between crude supply and demand.
On whether Oman will continue to be a member of compliance committee to oversee output cuts, H E Rumhi said, "The agreement that we signed will end in November but was recently extended till March 2018".
"I don't see the need to delay the decision until March".
Throughout the week, prices were also bolstered by rising global demand data and expectations that OPEC and other producing countries will extend a deal to cut output.
Morse's remarks came just hours after Opec Secretary-General Mohammad Barkindo gave assurances in Abu Dhabi that the worldwide oil market is re-balancing at a quickening pace and production cuts are the "only viable option" to restore stability.
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It also said industrialised countries' September commercial oil inventories, a key marker OPEC uses to measure market balance, fell by 23.6 million barrels to 2.985 billion barrels.
Benchmark Brent crude futures traded at $63.47 a barrel, up 14 per cent so far this month, while the U.S. West Texas Intermediate (WTI) crude futures rose to $56.68 per barrel.
On the supply side, tensions in the Middle East raised the prospects of disruptions, traders said, adding it was unclear whether a strong natural disaster that hit Iran and Iraq on Sunday had impacted the region's oil production.
Fitch Ratings said in its 2018 oil outlook that it assumed 2018 "average oil prices will be broadly unchanged year-on-year and that the recent price recovery with Brent exceeding $60 per barrel may not be sustained".
Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising United States production, although record fund bets on a rally kept the price in sight of two-year highs.
Bahrain said over the weekend that an explosion that caused a fire at its main oil pipeline on Friday was caused by sabotage.