BBCNEWS World Business Report July 6, 2024
after the world's largest exporters announced surprise cuts in production. saudi arabia and other opec plus oil producers announce output cuts of about 1.1 million barrels a day. saudi arabia said the move was aimed at stabilising the market. let's take a look now at oil prices. quite like you get a sense of that rise up sharply. it is the second time that the cartel has slashed production. the group also did so in october of last year, cutting output by 2 million barrels per day. let's discuss this in more detail with spencher welch, oil analyst at s&p global. we said there are a su...
Source: archive.org