KSA: Saudi seeks to raise oil prices at key meeting – Gulf Digital News
- Date: 05-Oct-2022
- Source: Gulf Digital News
- Sector:Oil & Gas
- Country:Saudi Arabia
KSA: Saudi seeks to raise oil prices at key meeting – Gulf Digital News
Saudi Arabia is seeking to raise oil prices at a crucial meeting in Vienna in a move set to anger the US and help Russia.
Riyadh, Moscow and other producers are poised to announce deep cuts at a meeting of the Opec+ group today, according to people with knowledge of the discussions.
The size of the cut is still to be agreed but Saudi Arabia and Russia are pushing for reductions of one to two million barrels a day or more, although these could be phased in over several months.
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