Saudi oil

Saudi Arabia sacrifices more to underpin oil market

Issue 1176 - 15 Sep 2023 | 2 minute read

Recent gloomy reports on a downturn in Saudi economic growth were underpinned by the announcement that Riyadh was extending its 1m b/d production cut until end-2023. However, the higher prices are not enough to make up for the fall in output. 

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