Saudis, other oil giants announce surprise production cuts

By Associated Press

Published April 2, 2023 6:03pm ET

Saudis, other oil giants announce surprise production cuts — FILE - This Sept. 11, 2013 file photo shows oil pumps the desert oil fields of Sakhir, Bahrain. Dramatic changes in oil production around the globe, both higher and lower, are balancing each other out instead of wreaking havoc. This has helped world oil prices stay high enough to provide OPEC countries with robust income, but not so high that they scare customers away from buying more of their precious product. (AP Photo/Hasan Jamali, File) | Hasan Jamali

DUBAI, United Arab Emirates (AP) — Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Saudis, other oil giants announce surprise production cuts

Recommended Stories

Biden approaches summer with fewer options on gas prices

OPEC reaches deal to cut oil production, defying Trump’s requests

CEOs follow Trump to Saudi Arabia to discuss kingdom’s oil transition plan

Full midterm coverage.Deeper analysis.

Tag: