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2019-03-22 10:15:00

SAUDI'S OIL WILL DOWN

SAUDI'S OIL WILL DOWN

AB - Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

The move is the latest sign Riyadh is determined to regain control of the oil market as prices remain well below the level that many OPEC members need to cover their government spending.

Saudi Arabia plans to produce well below 10 million barrels a day in…

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Tags: SAUDI ARABIA, OILPRODUCTION,
Chronicle:
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