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Saudi Arabia extends cut of 1 million barrels of oil a day through September, trying to boost prices

Por: ABC News Business August 03, 2023

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DUBAI, United Arab Emirates -- Saudi Arabia said Thursday it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices. The Saudi reduction, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year.The kingdom announced the extension in a statement on the state-run Saudi Press Agency, quoting... + full article



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