Video Duration 26 minutes 00 seconds 26:00 Saudi Arabia goes it alone in cutting oil production by one million barrels a day
Saudi Arabia’s plan to voluntarily cut production is on top of OPEC+ deal to limit supply next year to prop up prices.
The rest of the OPEC+ oil producers agreed to extend earlier cuts in supply through the end of 2024. Saudi Arabia has
In a surprise move, OPEC+ slashes oil production by 1.6 million barrels a day starting in May. The Saudi-led oil producing group
Price jump comes after news oil producers will slash output by about 1.16 million barrels per day. Oil prices have surged after