Don't expect U.S. shale to quickly fill the gap left by OPEC+ cut spokesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spokesman.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia will voluntarily reduce its oil production by 500,000 barrels per day from May until the end of 2023 in coordination with other members of the oil producers’ alliance, the.
OPEC+, the collective of oil producers led by Saudi Arabia, announced a cut of more than one million barrels per day from May until the end of the year. While the group said the move was aimed at maintaining stability in the market, many experts believe it is a sign of Riyadh’s independence from Washington
Oil prices set to surge following surprise OPEC+ output cut zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.