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ICYMI - Saudi Arabia and Russia are cutting oil supply again

Saudi Arabia and Russia are extending thier oil output cuts:The Saudi Energy Ministry said it would extend July's cut of 1 million barrels per day through August to support “the stability and balance of oil markets.” Russian Deputy Prime Minister Alexander Novak said Russia will cut production by an additional 500,000 barrels a day in AugustThe Saudi move will keep their output at 9 million barrels per day.---TD Securites oil analysts say the combined output cuts from OPEC+ "are likely to more t... Read More

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Icymi

Saudi

Arabia

Russia

Cutting

Supply

Again

Forex

Posted: Jul 3 2023, 21:50

Author Name: forexlive

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