Oil prices surge as Saudi Arabia, Russia extend 1.3 million barrel cut through December
- Date: 05-Sep-2023
- Source: Al-Monitor
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil prices surge as Saudi Arabia, Russia extend 1.3 million barrel cut through December
The production cuts by Saudi Arabia, Russia and the OPEC+ alliance have succeeded in keeping oil prices up but have also had some negative effects on the Saudi economy.