Russia also reduced its exports by 300,000 barrels per day through year end. These cuts are in addition to OPEC+ reductions that started in November of last year.
He sees no sign of abatement in OPEC+’s supply cuts initiatives and Saudia Arabia’s need to fund ambitious internal projects. Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives for an OPEC meeting in Vienna, Austria, June 4, 2023. REUTERS/Leonhard Foeger
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