Saudi Arabia is cutting oil production in move that could push U.S. gas prices higher
June 04, 2023 at 22:35 PM EDT
FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The Saudi cut of 1 million … Source
