Saturday, August 12, 2023 11:11 PM
You are now following breaking and important news: The Kingdom turns the tables and deals a strong blow to the whole world after its sudden decision regarding the amount of daily oil production, and now with the details
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RIYADH – Ruwaida bin Abbas – The Saudi government announced its intention to extend the voluntary cut in oil production in August, at a rate of one million barrels per day.
This was announced by the Organization of “OPEC +”
Earlier, which includes the largest oil producing and exporting countries, its intention to apply voluntary cuts to its production until the end of 2024.
The Kingdom of Saudi Arabia, the world’s largest producer and exporter of black gold, announced additional cuts amounting to one million barrels per day, in an attempt to control global oil prices, as a result of the recent decline.
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