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Saudis, other oil giants announce surprise production cuts

Por: Orlando Sentinel Business April 02, 2023

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Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide. Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid inflation fueled in part by that conflict. It was also likely to further... + full article



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