US EditionSaudi Arabia says it will maintain production cuts that have helped drive oil prices up
- Saudi Arabia confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year, as part of efforts to support high oil prices and fund economic reforms.
- The production cuts announced by Saudi Arabia and Russia have driven up prices at the pump, enriched Moscow, and complicated global efforts to bring down inflation.
- The voluntary production cut decision will be reviewed next month to consider deepening the cut or increasing production.
35 Articles
35 Articles
Saudi Arabia says it will maintain production cuts that have helped drive oil prices up
RIYADH, Saudi Arabia (AP) — Saudi Arabia says it will maintain a production cut of 1 million barrels of oil a day through the end of the year. Wednesday’s announcement could further prop up oil prices, which are hovering around $90 a barrel. Production cuts first announced by Saudi Arabia and Russia in July have
Saudi Arabia says it will maintain production cuts that have helped drive oil prices up
RIYADH, Saudi Arabia (AP) — Saudi Arabia says it will maintain a production cut of 1 million barrels of oil a day through the end of the year. Wednesday’s announcement could further prop up oil prices, which are hovering around $90 a barrel. Production cuts first announced by Saudi Arabia and Russia in July have
Saudi Arabia maintains production cuts that have bolstered oil prices
Saudi Arabia will maintain previously announced oil cuts that pushed up global oil prices. Last month, the kingdom announced it would extend its oil production cuts through the end of the year, but it said the decision would be reviewed monthly. The state-run Saudi Press Agency on Wednesday said the cut will be maintained, citing…
Saudi Arabia says it will maintain production cuts that have helped drive oil prices up
Saudi Arabia on Wednesday confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year. The announcement could further prop up oil prices, which are hovering around $90 a barrel. Production cuts first announced by Saudi Arabia and Russia in July have...
Saudi Arabia says it will maintain production cuts that have helped drive oil prices up
RIYADH, Saudi Arabia (AP) — Saudi Arabia on Wednesday confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year.
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