CNBC: Saudi Arabia is reportedly cutting oil output by more than expected

CNBC reports: “OPEC is reportedly planning to release a table detailing voluntary supply cut quotas among its members and allies, Reuters reported Thursday, as the influential oil cartel steps up its efforts to put a halt to one of the biggest oil price falls in years. OPEC Secretary General Mohammad Barkindo commended Saudi Arabia on Thursday, according to a letter seen by Reuters, saying the de facto leader of the group …

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Source: The Loadstar

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