Saudi oil cuts collide with investor scepticism
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 8 June 2023
⏱️ 19 minutes
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| 0:37.8 | As we have done in April, |
| 0:42.2 | whereby the countries that had agreed to |
| 0:46.0 | do the voluntary cuts, have extended that voluntary cuts |
| 0:52.3 | to end of 24. |
| 0:56.4 | And I will have to call it this Audi Lollipop, |
| 1:01.8 | which is a million barrel of reduction for the start, |
| 1:07.5 | that starts the 1st of July. |
| 1:15.0 | And that million is also extendable. |
| 1:24.3 | That was Saudi Arabia's energy minister, Prince Abdulzi's bin Salman al-Sad, talking about cuts in oil production last weekend. The implications of the Gulf State's crude cull is the focus of this week's viewsroom. |
| 1:34.0 | Welcome back to the views, a podcast from Reuters' breaking views for columnists from around the world talk about the big stories of the week. |
| 1:41.2 | I'm your host, Amy Donnellan, coming to you from London. |
| 1:45.7 | Saudi Arabia is culling its oil production in an effort to boost global prices of crude. |
| 1:51.5 | OPEC plus, a group of oil producing countries, are also extending cuts to the end of 2024. |
| 1:57.3 | So here to explain to me what all of this means is George Hay, who leads our EMEA team in breaking |
| 2:02.5 | views, and Yowen Chen, who is our oil and gas expert. |
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