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Saudis to cut oil production by 1 million barrels a day in July as OPEC+ extends output deal

Por: MarketWatch Business June 04, 2023

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OPEC+ — the group made up of OPEC and its Russia-led allies — concluded a contentious meeting in Vienna, with members agreeing to extend previously agreed production cuts through the end of 2024. OPEC+ agreed last October to cut output by 2 million barrels a day. Several OPEC+ members followed that in April with the surprise announcement of 1.6 million barrels a day in additional cuts. As part of the April cut, Saudi Arabia voluntarily... + full article



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