Oil prices rise after Saudi Arabia pledges more voluntary production cuts
![Oil prices rise after Saudi Arabia pledges more voluntary production cuts](https://ussnsimg.moomoo.com/feed_image/70040946/2e33e59485c73785861bcbc65d28a7de.png/bigmoo)
OPEC+ pumps approximately 40% of the world’s crude and policy decisions can have a significant impact on prices.
The world’s top oil exporter Saudi Arabia announced further voluntary output cuts which will be implemented from July.
The kingdom’s output will decline to 9 million barrels per day from around 10 million barrels in May, Saudi’s energy ministry said in a statement. $Occidental Petroleum (OXY.US)$ $Imperial Petroleum (IMPP.US)$ $Chevron (CVX.US)$ $Exxon Mobil (XOM.US)$
The world’s top oil exporter Saudi Arabia announced further voluntary output cuts which will be implemented from July.
The kingdom’s output will decline to 9 million barrels per day from around 10 million barrels in May, Saudi’s energy ministry said in a statement. $Occidental Petroleum (OXY.US)$ $Imperial Petroleum (IMPP.US)$ $Chevron (CVX.US)$ $Exxon Mobil (XOM.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment