Oil Prices Soar as Saudi Arabia Announces 1 Million Barrel Production Cut
Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel
Source: news18.com
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Global oil prices and a "Saudi lollipop"
In a dramatic decision, Saudi Arabia announced Sunday that it will take a unilateral step to slash its oil output by 1 billion barrels per day in order to boost global oil prices.
Source: gzeromedia.com
Oil Prices Climb As Saudi Arabia Goes It Alone With Additional Cut
Oil prices rose slightly on Monday morning as Saudi Arabia announced another 1 million barrels per day production cut, the only OPEC+ member to cut production.
Source: oilprice.com
Oil prices up on Saudi output cut in July
Oil prices rose around $1 on the barrel early Monday after Saudi Arabia announced an additional production cut in July, by one million barrels per day.
Source: albawaba.com
Asian stock markets extend global rally, oil prices rise after Saudi Arabia pledged output cuts
Oil prices rose after Saudi Arabia announced it would cut its output to 9 million barrels per day in July, from around 10 million bpd in May, the biggest reduction in years, while a broader OPEC+ deal to limit supply into 2024 also underpinned futures
Source: firstpost.com