Commodities and Futures News

Saudi to make new voluntary cuts as part of OPEC+ deal – source

06/04/2023
Less than a minute

2023.06.04 12:00


© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo

LONDON (Reuters) – Saudi Arabia will make new voluntary cuts as part of an OPEC+ deal, an OPEC+ source told Reuters on Sunday.

Two other OPEC+ sources said the group is likely to agree a policy roll over until 2023 and make additional cuts in 2024 if new production baselines for members are agreed.

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06/04/2023
Less than a minute

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