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first it was saudi arabia which announced it was cutting its production by one million barrels per day from august. then russia said it was cutting its production by half a million barrels per day from august too. the cuts mean global supplies will be reduced by around 1.5%. let's go live now to our middle east business correspondent, sameer hashmi. it doesn't sound like a lot, 1.5%, but it could have big implications. explain how important these two players are. explain how important these two players are-— explain how important these two -la ersare. �*, ., ~ ., players are. let...

First it was saudi arabia which announced it was cutting its production by one million barrels per day from august. then russia said it was cutting its production by half a million barrels per day from august too. the cuts mean global supplies will be reduced by around 1.5%. let's go live now to our middle east business correspondent, sameer hashmi. it doesn't sound like a lot, 1.5%, but it could have big implications. explain how important these two players are. explain how important these two players are-— explain how important these two -la ersare. �*, ., ~ ., players are. let's talk ab...