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Saudi Arabia And Russia Indicate Further Oil Supply Cuts

  • April 19, 2020 10:09 AM AEST
  • Team Kalkine

As crude oil prices continue to plummet despite the recently announced resolution by OPEC+ nations to cut the oil supply, a crude oil supply cut of around 9.7 million barrels per day was announced for OPEC+ nations and over 19 million barrels for the global oil producers.

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Observing the crude oil bleeding, Saudi Arabia and Russian counterparts came together to announce that the two major parties are continuously observing the oil market scenario and are prepared to take further actions in close association with OPEC+ and other major oil producing countries.


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