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Saudi Arabia to extend voluntary 1mbpd oil production cut through Sept

Brent prices are up more than $1 after this announcement, which was a Reuters poll showed was expected by 15 of 22 oil analysts. That means it wasn't fully priced in and you can see that from the reaction.The state news agency carried the headlines and said the cut could be extended further or deepened. Many analysts expect them to taper the cut by half in October.Full statement: This article was written by Adam Button at www.forexlive.com... Read More

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Content Topics

Saudi

Arabia

Extend

Voluntary

1mbpd

Production

Through

Sept

Forex

Posted: Aug 3 2023, 13:01

Author Name: forexlive

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