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Saudi Arabia extends deal to cut crude output by 1 million barrels a day until September

August 07, 2023
Saudi Arabia's state news agency (SPA) reported in Riyadh on August 3 that Saudi Arabia would extend its agreement to voluntarily reduce crude oil production by an additional 1 million barrels per day (bpd) for another month up to and including September, Reuters reported.

Citing an official source in Saudi Arabia's Energy Ministry, SPA reported that Saudi Arabia's production cut agreement could be "extended or deepened."

Saudi Arabia

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