<cite class="source__cite"> London CNN &nbsp;—&nbsp; </cite>

 Saudi Arabia announced Monday that it would extend a cut of 1 million barrels a day in its oil production at least until the end of August. 

The cut, which took effect on Saturday, was <a href="https://edition.cnn.com/2023/06/04/energy/opec-saudi-arabia-russia-cuts/index.html" target="_blank">initially planned</a> to last for the month of July in an attempt to shore up oil prices as expectations for global demand look weak.

— This is a developing story and will be updated.

Saudi Arabia announced Monday that it would extend a cut of 1 million barrels a day in its oil production at least until the end of August.{ai:summary}Saudi Arabia has extended its oil production cut of 1 million barrels a day until the end of August, aiming to stabilize oil prices. #economy

Saudi Arabia prolongs oil supply cut as global demand looks weak | CNN Business

Loading...