"Saudi Arabia and Russia Extend Oil Production Cuts, Boosting Prices"
TL;DR Summary
Saudi Arabia and Russia have announced new oil production cuts in an effort to stabilize the global oil market. The two countries, along with other members of the OPEC+ group, have agreed to reduce their output by 1 million barrels per day in February and March. This decision comes as oil prices have been under pressure due to the ongoing COVID-19 pandemic and concerns about oversupply.
- Saudi Arabia and Russia announce new oil production cuts Financial Times
- Saudi Arabia and Russia curb oil supply again to try to boost prices CNN
- Russia Pledges to Reduce Oil Exports in August After Saudi Extends Voluntary Cut Yahoo Finance
- Oil jumps as Saudi Arabia extends voluntary output cuts for another month ForexLive
- Saudi Arabia to extend voluntary cut of 1 mln bpd to August Al Arabiya English
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
44%
118 → 66 words
Want the full story? Read the original article
Read on Financial Times