Tag: arabia’s
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Saudi Arabia’s Deeper Cuts Propel OPEC’s Crude Output to Fastest Decline in 3 Years, Brent Surges Above $85
[ad_1] Saudi Arabia implemented deeper cuts to help international markets, causing OPEC’s crude output to decline at its fastest rate in three years. According to a poll, OPEC’s production decreased by 900,000 bpd last month, to an average of 27.79 million bpd. The organisation had reduced supply during the worst of the 2020 coronavirus pandemic,…