Saudi to extend its 500,000 bpd voluntary cut until the end of 2024

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© Reuters. Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives for an OPEC meeting in Vienna, Austria, June 4, 2023. REUTERS/Leonhard Foeger

(Reuters) – Saudi’s energy ministry said on Sunday the kingdom will extend its 500,000 bpd voluntary oil cut until the end of 2024, according to Saudi’s state news agency.

Source: Investing.com