Saudi Smarts As Crude Plummets Despite Rate Cuts

摘要

Saudi Arabia cut more oil production than it had agreed to under the OPEC+ agreement in order to stabilize prices but prices are falling despite this.Saudi Arabia has now approached other members of OPEC to discuss possible steps they can take to arrest a slide in oil prices that have brought them to the lowest in seven months.The Kingdom also recently said it would cut its selling prices for Asian clients,which could not have been good for revenue streams,either.