Saudi Arabia pledged an additional production cut in July to stabilize the oil market, ceding ground to two of its key allies — Russia and the United Arab Emirates. Photo: Bloomberg
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Saudi Arabia pledged an additional production cut in July to stabilize the oil market, ceding ground to two of its key allies — Russia and the United Arab Emirates — which made no commitment to curb further.
Here’s what leading analysts have to say about the kingdom’s move to go it alone with a 1 million barrel-a-day reduction:
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