Saudi Arabia, OPEC+ producers announce surprise oil output cuts
- 02-Apr-2023
DUBAI: Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day in a surprise move they said was aimed at supporting market stability. The group had been largely expected to stick to its already agreed 2 million bpd cuts when its ministerial […]
Saudi crown prince backs rollover of oil output cuts
- 26-Oct-2017
RIYADH: Saudi Crown Prince Mohammed bin Salman said the kingdom supports extending a deal by oil producers to cut crude output beyond March next year. “Of course,” he said in an interview with Bloomberg News published Thursday when asked if Riyadh will back an extension of the deal struck by OPEC and non-OPEC producers a […]