Saudi pledges big oil cuts in July
STORY: Saudi Arabia on Sunday said it would dramatically cut its crude oil output as part of a deal by OPEC+ nations to tighten supply into 2024 as producers seek to boost falling oil prices.
The Saudi energy minister, Prince Abdulaziz Bin Salman Al-Saud, referred to the million-barrel cut as the "Saudi lollipop," in that it sweetened a deal by fellow oil-producers to curb production.
"I would have to call it the Saudi lollipop, which is a million barrel of reduction for the start, that starts the 1st of July. And that million is also extendable."
Saudi's energy ministry said the country's output would drop to 9 million barrels per day in July from around 10 million barrels in May, the biggest reduction in years.
OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude, meaning its policy decisions can have a major impact on oil prices.
A surprise decision to cut supply in April briefly sent international benchmark Brent crude around $9 higher, but prices have since retreated under pressure from concerns about the weakness of the global economy and its impact on demand.
Saudi Arabia is the only member of OPEC+ with sufficient spare capacity and storage to be able to easily increase and curtail output.
相關影片推薦
- 2:00跟著AI賺一波~分析師推這幾檔ETF!進擊的荷包59,784 次觀看・1 週前
- 2:53寶林茶室負責人恐轉被告 欠債起底檢警疑內情不純華視影音129,050 次觀看・1 天前
- 1:09韓女星聚餐醉到不省人事 老公被拍到「背她上車」事後甜喊:我一輩子對你好娛樂星聞86,455 次觀看・20 小時前
- 1:58墨西哥逾10萬人失蹤 家屬尋親發現「祕密墳場」驚現火化爐、無名墳Yahoo奇摩(國際通)16,352 次觀看・8 小時前
- 1:31穿睡衣褲上班! 中國員工「噁心穿搭」風潮|#鏡新聞鏡新聞4,165 次觀看・23 小時前
- 9:18番茄這樣做竟然這麼好吃,不用炸不用煎,加1塊豆腐,能讓你多吃兩碗飯,香!.芭樂媽的家 Qistin Wong TV61,820 次觀看・3 天前
- 1:05王力宏被爆「出軌徐若瑄」法院判決出爐 經紀人曝動向賠償款項全捐孤兒院娛樂星聞16,370 次觀看・3 天前
- 1:17Angelababy瘋馬秀後復出 仍被踢出11年節目? 《奔跑吧》全新陣容「她」接替baby2個代言!娛樂星聞13,333 次觀看・2 天前
- 1:48美樂透「兆彩」連槓30次 頭獎361億元終開出 創紐澤西紀錄Yahoo奇摩(國際通)66,443 次觀看・8 小時前
- 1:46疑「米酵菌酸」釀食物中毒 米苔目老店不賣隔日貨東森新聞影音94,775 次觀看・1 天前