Saudi Russia

Saudi-Russian pact keeps oil prices above $90 a barrel


Issue 1177 - 29 Sep 2023 | 3 minute read

Saudi Arabia’s announcement that it would extend its 1m b/d production cut until the end of the year – backed by Opec+ partner Russia’s commitment to extend its 300,000 b/d export cut – moved the price of marker Brent crude back above $90/bbl for the first time since November 2022.

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