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Saudi Arabia and Russia Extend Oil Production Cuts Until Year-End

World News

05-09-2023 | 10:42

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Saudi Arabia and Russia Extend Oil Production Cuts Until Year-End

Saudi Arabia and Russia announced on Tuesday the extension of their voluntary oil production cuts until the end of the year, continuing their efforts to support oil prices, which have seen an increase following the announcements.

The Saudi Ministry of Energy stated in a release that the kingdom "will extend the voluntary cut of one million barrels per day, which began in July... for another three months, until the end of December 2023.

AFP

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