Saudi Arabia Cuts Oil Output Between 2 MN & 2.5 Barrels Per Day
Saudi Arabia has announced a significant reduction in its oil output, cutting production by approximately 2 million to 2.5 million barrels per day, a move expected to tighten global supply and push crude prices higher. Officials said the decision aims to stabilise markets amid ongoing volatility in the Middle East and broader geopolitical tensions affecting energy flows. The cut is one of the largest by a major producer in recent years and could have wide‑ranging effects on global energy markets and prices.
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