Extended Saudi, Russian oil supply cuts pose bullish risks, says Goldman Sachs

On Tuesday, Saudi Arabia and Russia extended voluntary cuts to end-2023, pushing oil prices above $90 a barrel. Brent crude was trading around $90.97 at 1822 GMT. The Saudi cuts were by 1 million barrels per day (bpd) while Russia has cut 300,000 bpd. These cuts were on top of the April cut agreed by … Read more

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