EnergyWatch

Saudis are said to extend deep oil-output cuts into April

Saudi Arabia will be providing clients with much less oil than they requested in April, extending production cuts into a second month.

Photo: SaudiAramco

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed production cuts into a second month, a Saudi official familiar with the policy said.

The move is the latest sign Riyadh is determined to regain control of the oil market as prices remain well below the level that many OPEC members need to cover their government spending.  

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