"Russia and Saudi Arabia Maintain Voluntary Oil Cuts Amidst Tensions"

Saudi Arabia and Russia have announced that they will continue their additional voluntary oil output cuts until the end of the year, in response to concerns over demand and economic growth. Saudi Arabia will maintain its cut of 1 million barrels per day (bpd), while Russia will continue its cut of 300,000 bpd. The cuts will be reviewed next month to consider extending, deepening, or increasing them. The aim is to support the stability and balance of oil markets. Despite the conflict in the Middle East, oil prices have weakened to around $85 a barrel. OPEC+ is set to meet on November 26 to discuss the situation.