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The Saudi Cabinet Says it Supports The OPEC+ Agreement

Adel 1 March, 2022 5:20 pm Commodities, Market Update

A statement by the Saudi Cabinet on Tuesday renewed the kingdom’s support for the OPEC + agreement, which provides for an increase in the supply of crude exporters from the Organization and allied producers by 400,000 barrels per day each month.

And the official Saudi Press Agency quoted a statement of the Council calling on the Kingdom to maintain stability in oil markets and reduce escalation in Ukraine, which is facing a Russian invasion.

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