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Bangkok Post
Bangkok Post
Business

Saudi Arabia slashes output further to boost oil price

Oil Saudi Arabia OPEC Alexander Novak Riyadh Vienna Recession Russia
The in-person OPEC+ meeting started late in Vienna

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

The meeting of the 13-member Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and its 10 partners, led by Russia, saw some tough negotiations.

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