Key Points
Top oil exporter Saudi Arabia will continue with its voluntary oil output cut of 1 million barrels per day (bpd) until the end of the year, an official source at the ministry of energy said on Sunday...
"This additional voluntary cut comes to reinforce the precautionary efforts made by OPEC+ countries with the aim of supporting the stability and balance of oil markets," the source was quoted as saying in the statement...
Saudi Arabia first made the voluntary cut for July as an addition to a broad supply-limiting deal first agreed by some members of OPEC+ in April...
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