Signs of disagreement in Saudi Arabia over OPEC+ oil cuts strategy ...Kuwait

The New Arab - News

Despite early reports that Saudi Arabia wishes to maintain the OPEC+ oil production cuts, conflicting accounts have since emerged.Saudi sources are providing conflicting reports about the continuation of oil production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies to shore up prices as COVID lockdowns return. OPEC and allies - known by the abbreviation "OPEC+ - drastically cut output to a record-low 9.7 million barrels a day or as little as 10% of global output on 12 April last year. The "oil price war" between Russia and Saudi Arabia - leading up to this decision - nearly caused an irreparable rift between the two countries while coronavirus was decim

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Last updated : 30 March 2021 clock 05:47 PM

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Signs of disagreement in Saudi Arabia over OPEC+ oil cuts strategy ...Kuwait

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