Saudis to cut oil production by 500,000 barrels per day

Saudis to cut oil production by 500,000 barrels per day

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DUBAI, United Arab Emirates — Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023, a move that could raise prices worldwide. Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine…

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