Saudis and Russia Extend Oil Supply Cuts to Prop Up Market
- Brent crude prices waver near $76 a barrel in London
- Kingdom extends extra voluntary cut of 1 million b/d into Aug.
This article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
Saudi Arabia will prolong its unilateral oil production cut by one month, keeping a lid on supply amid persisting fears over the global economy. Its OPEC+ ally Russia also announced fresh curbs on exports.