Saudi Arabia’s decision to cut oil production, OPEC cuts also extended until 2024

adminJune 5, 2023September 13, 202403 mins

Vienna: Saudi Arabia has decided to cut oil production, and OPEC cuts have been extended until 2024. Reuters Saudi Arabia has committed to major oil cuts in July to boost oil prices, with OPEC+ also extending the deal to 2024. Saudi Arabia’s energy ministry said the country’s output would fall to 9 million barrels a…

Saudi Arabia, Russia agree to continue cooperation in OPEC Plus framework

adminMarch 16, 2023September 11, 202402 mins

Saudi Arabia and Russia have agreed to continue cooperation within the framework of OPEC Plus. Prince Abdulaziz, Minister of Energy of Saudi Arabia, met with the Deputy Prime Minister of Russia. According to the Arab media from Riyadh, the meeting discussed the development of Russia-Saudi Arabia relations and mutual cooperation. According to Arab media, the…