The surprise OPEC+ production cuts will drag down economic growth in the biggest Arab Gulf economies this year, including in the world’s top crude oil exporter Saudi Arabia, bank Emirates NBD said in a new estimate this week. The biggest OPEC producers in the Middle East and several other members of the OPEC+ pact announced on Sunday a total of 1.16 million bpd of fresh production cuts. Saudi Arabia will cut 500,000 bpd and said that the move was “a precautionary measure aimed at supporting the stability of the oil market.”…
Hence then, the article about opec production cuts set to weigh on biggest gulf economies was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( OPEC+ Production Cuts Set To Weigh On Biggest Gulf Economies )