Saudi energy minister says latest Riyadh-Moscow oil cuts showed unity with Russia
Publishing timestamp: 2023-07-05 07:34:10
Summary
Saudi Arabia and Russia have extended their voluntary crude oil production cuts, showing cooperation between the two heavyweight producers. Questions have arisen about Russia's commitment to the cuts, but implementing the cuts on exports allows for verification. The OPEC+ alliance will continue to support the market.
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Keywords: commodity markets, business news, ice brent crude (apr'23), world markets, oil and gas, energy,