Saudi Arabia, Russia to stick with 1.3 mbpd oil output cuts till end of 2023
Saudi Arabia and Russia said they will stick with oil supply curbs of more than 1 million barrels a day to the end of the year as a rally in prices falters.
Saudi Arabia and Russia will stick with the oil supply curbs of more than 1 million barrels a day (mbpd) to the end of the year. The production cuts first announced by the two oil majors in July have driven up prices to 10-month high levels and posed fresh inflationary pressures for the global economy.
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