Oil Prices Rise as Saudi Arabia Pledges Output Cut
Saudi Energy Minister Abdulaziz bin Salman said that his country's cut of one million bpd could be extended beyond July if needed, in what he said is a bid to stabilize the market.. Other members of Opec+, a group of oil-producing countries, also agreed to continued cuts in production in an attempt to shore up flagging prices. The seven hour-long meeting on Sunday of the oil-rich nations came against a […]
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