Saudi Arabia Expected to Prolong Oil Cut Again, Survey Shows
- Kingdom may decide on extending 1 million-barrel cut next week
- Fifteen of 22 surveyed by Bloomberg see extension to September
Crude oil storage tanks at an oil refinery in Ras Tanura, Saudi Arabia.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
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Saudi Arabia is expected to extend a 1 million-barrel oil supply cut into September as it seeks to foster a tentative recovery in crude prices.