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 panel, which includes Saudi Arabia and Russia, meets virtually on Monday.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Gaza has become a killing field: UN chief

UN Secretary General Antonio Guterres has said Gaza has become a killing…

UN human rights chief casts doubt on Israeli moves to protect Gaza civilians

UN High Commissioner for Human Rights Volker Turk said that nowhere in…

World to face food shortage due to sanctions: Putin

London: On April 5, President Vladimir Putin stressed that Russia must keep…

Australia clinches Twenty20 World Cup title

Abu Dhabi: On Sunday, Australia has beaten New Zealand by 8 wickets…