Crude oil soars as Saudi Arabia announces output cut, OPEC+ extends supply limits

The global crude oil market is buzzing as Saudi Arabia announces a significant output cut of 10 lakh barrels per day (BPD), leading to a surge in oil prices. In addition, OPEC+ extends supply limits, ensuring that a total of 36.6 lakh BPD remains under control.

Updated on: June 05, 2023, 08.00 PM IST
ZEEBIZ TRENDING STORIES