VOICED : Arabia Saudi y Kuwait, inclinados a extender recorte petrolero

VOICED : Arabia Saudi y Kuwait, inclinados a extender recorte petrolero

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Interactive Video

Business, Social Studies, Geography

9th - 12th Grade

Hard

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Saudi Arabia, supported by Kuwait, suggests that oil-producing countries may need to continue cutting production to boost crude prices. They consider extending an agreement with OPEC and non-OPEC members like Russia. The agreement, initiated earlier in the year, aimed to reduce production by 1.8 million barrels per day. Oil demand is expected to rise in the year's second half, making the extension crucial. OPEC will decide in May, as oil prices have recovered to around $50 per barrel after losing nearly half their value since 2014.

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3 mins • 1 pt

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