( ) -q-24- UNDATED (Correspondent Jeremy House) “November and December.” Saudi Arabia says it will maintain a production cut of 1 million barrels of oil a day through the end of the year. [CutID: <Cuts> SAUDI-OIL-house-q-WEDam.mp3 Time: 24s Title: SAUDI-OIL-house-q-WEDam Out-cue: November and December] TAG: Correspondent Jeremy House reporting. The ministry adds it will review […]
Audio
Saudi Arabia says it will maintain production cuts that have helped drive oil prices up
( ) -q-24- UNDATED (Correspondent Jeremy House) “November and December.”
Saudi Arabia says it will maintain a production cut of 1 million barrels of oil a day through the end of the year.
[CutID: <Cuts> SAUDI-OIL-house-q-WEDam.mp3
Time: 24s
Title: SAUDI-OIL-house-q-WEDam
Out-cue: November and December]
TAG: Correspondent Jeremy House reporting. The ministry adds it will review the production cut again in November.
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VERBATIM: The announcement could further prop up oil prices, which are hovering around $90 a barrel. Production cuts first announced by Saudi Arabia and Russia in July have driven up prices at the pump, enriched Moscow’s war chest and complicated global efforts to bring down inflation. The Saudi Energy Ministry says the kingdom will continue to produce 9 million barrels per day in November and December.