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Oil powers to slash production by more than 1 million bpd

Saudi Arabia led a coordinated production cut by major oil powers on Sunday despite US pressure to pump more crude, saying they were aiming at market stability

United statesSaudi arabiaJoe bidenMohammed al mazroueiJose fernandezOrganization of petroleum exporting countriesMinisterial monitoring committeeSaudi press agencyEconomic affairsMinister suhailJoint ministerial monitoring committeePetroleum exporting countries

Oil powers to slash production by more than one million barrels per day

OPEC+ oil producers said surprise move was aimed at supporting market stability and came despite US calls to raise production as consumption grows

Saudi arabiaUnited statesMohammed al mazroueiJoe bidenJose fernandezOrganisation of petroleum exporting countriesMinisterial monitoring committeeSaudi press agencyMinister suhailJoint ministerial monitoring committeePetroleum exporting countries

Saudi Arabia, UAE lead Mideast oil production cut for market ´stability´

Oil powers to slash production by more than 1 million barrels per day

United statesSaudi arabiaAr riyaJoe bidenJose fernandezMohammed al mazroueiEconomic affairsOrganization of petroleum exporting countriesSaudi press agencyMinisterial monitoring committeeMinister suhailJoint ministerial monitoring committeePetroleum exporting countries

Oil Powers To Slash Production By More Than 1 Million Bpd

Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.

United statesSaudi arabiaJose fernandezMohammed al mazroueiJoe bidenSaudi press agencyMinisterial monitoring committeeEconomic affairsOrganization of petroleum exporting countriesMinister suhailJoint ministerial monitoring committeePetroleum exporting countries

Oil powers to slash production by more than 1m bpd

Saudi Arabia led a coordinated production cut by major oil powers on Sunday despite US pressure to pump more crude, saying they were aiming at market.

Saudi arabiaMohammed al mazroueiSaudi press agencyMinisterial monitoring committeeMinister suhailJoint ministerial monitoring committee

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