Supplier — russia — also made a similar move, announcing it was cutting production by half million barrels per day from august too. but these cuts are failing to boost energy prices. why? we'rejoined by cornelia meyer, who's the ceo meyer resources. big cuts announced, and yet the price remains pretty sluggish. this is a demand problem, isn't it, not a supply issue? it is a demand problem, isn't it, not a suwly issue?— is a demand problem, isn't it, not a supply issue? it is a demand problem and the big cuts _ supply issue? it is a demand problem and the big cuts announced, - supply issu...