deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

Oil prices surge as Saudi Arabia prepares to cut output

Joy Onuorah
Joy Onuorah
Oil prices surge as Saudi Arabia prepares to cut output

Saudi Arabia has announced a significant cut of one million barrels per day in its July production.

The decision by the leading oil-producing nation, supported by other OPEC+ members, aims to bolster the floundering prices and restore stability to the market.

OPEC+ comprises a coalition of oil-producing countries that collectively account for approximately 40% of the world’s crude oil.

Their coordinated actions have the power to wield a substantial influence over global oil prices.

As news of the production cuts spread, Brent crude oil experienced a surge of up to 2.4% in Asian trade on Monday, eventually settling around $77 per barrel.

Notably, OPEC+ also confirmed plans to further reduce production targets by an additional 1.4 million bpd starting in 2024.

This long-term commitment underscores their determination to counter market challenges and ensure a sustainable balance between supply and demand.

The oil-rich nations engaged in a marathon seven-hour meeting on Sunday against a backdrop of declining energy prices.

While oil prices soared in the wake of Russia’s invasion of Ukraine last year, they have since retraced to pre-conflict levels.

This prompted OPEC+ to take swift action and implement measures to address the downward spiral.

In October 2022, the OPEC+ coalition agreed to reduce production by two million bpd, equivalent to approximately 2% of global demand.

In April this year, they extended the production cuts until the end of 2021. However, during Sunday’s talks, Russian Deputy Prime Minister, Alexander Novak, announced that the agreement would now extend until the end of 2024, solidifying the long-term commitment of the alliance.

Saudi Energy Minister, Prince Abdulaziz bin Salman, affirmed that if necessary, the one million bpd cut by Saudi Arabia could extend beyond July.

“This is a Saudi lollipop,” he remarked, emphasizing the Kingdom’s dedication to market stability.


Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor

grandpashabet
grandpashabet
Meritking
Deneme Bonusu Veren Siteler
marsbahis giriş
zbahis
Hair Transplant istanbul
da pa kontrolü
casibom
marsbahis
replika saat
eskişehir temizlik
sms onay
ankara nakliyat
ordu nakliyat
Vozol Puff
iqos terea
NORA
creative
Marketing
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
kralbet giriş
bahçelievler nakliyat
istanbul evden eve nakliyat
istanbul bahçelievler evden eve nakliyat
esenyurt escort
casibom giriş
matadorbet
ligobet girişfixbet girişSahabet
?>

grandpashabet
grandpashabet
Meritking
Deneme Bonusu Veren Siteler
marsbahis giriş
zbahis
Hair Transplant istanbul
da pa kontrolü
casibom
marsbahis
replika saat
eskişehir temizlik
sms onay
ankara nakliyat
ordu nakliyat
Vozol Puff
iqos terea
NORA
creative
Marketing
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
kralbet giriş
bahçelievler nakliyat
istanbul evden eve nakliyat
istanbul bahçelievler evden eve nakliyat
esenyurt escort
casibom giriş
matadorbet
ligobet girişfixbet girişSahabet
Hacklinkbetsat
betsat
betsat
holiganbet
holiganbet
holiganbet
Jojobet giriş
Jojobet giriş
Jojobet giriş
casibom giriş
casibom giriş
casibom giriş
xbet
xbet
xbet
grandpashabet
grandpashabet
grandpashabet
tuzla evden eve nakliyat
İzmir psikoloji
creative news
Digital marketing
radio kalasin
radinongkhai
gebze escort
grandpashabet
grandpashabet
casibom güncel giriş
casibom
casibom güncel giriş
jojobet
ümraniye oto çekici
marsbahis
beylikdüzü escort
zbahis
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu siteleri
deneme bonusu veren siteler
instagram followers buy
casibom797
casinolevant
betpublic giriş
casibom giriş
casibom
casibom giriş
casibom