Background Image

FGE In the Media

Saudi Arabia Likely To Extend Oil Production Cuts


Saudi Arabia is expected to prolong its voluntary 1 million-barrel oil supply cut into September as it seeks to support the rebound in oil prices. The top OPEC producer introduced the additional cutback this month in a bid to support higher oil prices amid faltering demand. Six participants in a Bloomberg survey have predicted the Saudis will taper off their extra cut by restoring 250,000-500,000 barrels a day of halted production in September.

Read Article

Further Information

If you require additional information on this article, or you would like to speak with a member of our marketing team, please contact us:

FGE London

+44 (0) 20 7726 9570