Saudi Arabia defends output cut, says OPEC+ doing right job for stable market

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OPEC+ alliance “is doing the right job”, said Saudi Energy Minister Abdulaziz bin Salman here. The minister is on a day-long visit to prepare the ground for Saudi Prime Minister and Crown Prince Mohammed bin Salman’s trip to India next month.

Saudi Arabia defends output cut, says OPEC+ doing right job for stable market

OPEC+ earlier this month decided to cut crude oil production quotas by 2 million barrels per day, starting in November. Pic: Reuters

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