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Production cut

Production cut latest

Oil Price Soars As Saudi Arabia Cuts Production
January 6th, 2021 - 01:00 GMT

Oil Price Soars As Saudi Arabia Cuts Production

Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers, while industry data showed U.S. crude stockpiles fell last week. Brent crude rose as much as 0.6% to $53.94 a barrel, the highest since Feb. 26, 2020. It was at $53.79 a barrel at 0147 GMT and gained 4.9% on Tuesday ...
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