Abdulaziz bin Salman, Prince of Saudi Arabia

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Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia

Saudi Arabia and Russia, in coordinated statements, said on Tuesday they would extend their cuts in oil supplies through for the rest of 2023. The moves helped push up oil […]



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Oil Prices Jump After Surprise OPEC Production Cut

Oil prices surged on Monday, a day after OPEC members announced production cuts “aimed at supporting the stability of the oil market.”In early trading Brent crude, the international benchmark, rose […]



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Saudi Arabia Will Cut Its Oil Production, Allowing Russia’s to Grow

OPEC, Russia and other oil major producers reached an unusual agreement on production quotas on Tuesday, with Saudi Arabia committing to reducing its oil production by one million barrels a […]