Saudis to cut oil production by 500000 barrels per day

Saudis to cut oil production by 500000 barrels per day

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DUBAI, United Arab Emirates — Saudi Arabia says it will cut oil production by 500,000 barrels per day from May until the end of 2023. The move would likely raise oil prices, further straining relations between Riyadh and Washington as the world copes with inflation fueled in part by the war in…

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