Saudi, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year
Tuesday, 5 September 2023 Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts until the end of the year, reducing global supply by 1.3 million barrels and boosting energy prices. This move has pushed benchmark Brent crude above $90 a barrel, a price not seen since November 2020. The decision is expected to increase the cost of fuel for motorists and may strain Saudi Arabia's relationship with the United States.
Oil Prices Soar After, Saudi Arabia and Russia , Agree to Prolong Production Cuts.
On September 5, oil prices soared over
1.3% to reach their highest levels in 10 months. .
On September 5, oil prices soared over
1.3% to reach their highest levels in 10 months. .
Insider reports that Brent...
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Oil prices hit a 10-month high of nearly $90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the... IndiaTimes
Tuesday, 5 September 2023
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