Iraq Bulletin

Tag : Saudi Arabia

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Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd

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Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes the total volume of cuts by OPEC+ to 3.66 million bpd, equal to 3.7% of......