Russia, Saudi Arabia affirm commitment to voluntary supply cuts to end-2023

Russia and Saudi Arabia will continue with planned voluntary oil supply cuts up to the end of 2023, officials said Nov. 5. The announcements come amid growing supply concerns, as a result of OPEC+ output policy and concerns that the Israel-Hamas war could impact production and supply in the Middle East. Saudi Arabia will continue its voluntary cut of 1…Russia and Saudi Arabia will continue with planned voluntary oil supply cuts up to the end of 2023, officials said Nov. 5. The announcements come amid growing supply concerns, as a result of OPEC+ output policy and concerns that the Israel-Hamas war could impact production and supply in the Middle East. Saudi Arabia will continue its voluntary cut of 1…  Read More