Oil
Saudi Arabia will extend oil production cut to the end of September
The move is an attempt to boost flagging energy prices
Saudi Arabia will extend its unilateral production cut of one million barrels of oil a day to the end of September, having first introduced it in July. The move comes as the other OPEC+ producers have agreed to extend earlier production cuts to next year.
The kingdom announced the extension in a statement on the state-run Saudi Press Agency, quoting an anonymous official in the kingdom’s energy ministry. The official added that the cut “can ...