Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move they said was aimed at supporting market stability. The development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023.
OPEC Cuts Oil Production by 1 Million Barrels a Day
| Source: | Newsmax |
| Published: | Apr 2, 2023 |
| Author: | Staff |
| Post Date: | 2023-04-02 22:07:53 by Charles_Byrd |
| Views: | 180 |