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What are the long term effects of Russian and Saudi aims to cut oil output, exports? | DW News

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Oil prices have risen after the world's two biggest exporters of the commodity made moves to cut production and exports.
Saudi Arabia says it will extend its current output cut of a million barrels a day until August, while Russia says it will reduce its exports. Both Riyadh and Moscow are concerned about the prospect of oil prices sliding as weaker demand from China and Europe put pressure on factory activity.


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#oil #business #russia
Category
Europe
Tags
DW News, oil export production russia, oil export production Saudi Arabia
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