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Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy
Business

Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy

Riyadh needs to keep prices high enough to fund grandiose gigaprojects. Source link

Saudi-Led Oil Producers to Lower Output Further
Business

Saudi-Led Oil Producers to Lower Output Further

The new cuts are expected to total more than a million barrels a day, a surprise move that led to a jump in crude prices.