Saudi’s MBS, Putin Unite Again To Jolt Biden and U.S. | Here Is How

Saudi Arabia and Russia deliver another jolt to US, boosting prices as output cuts and export reductions are announced. Saudi Arabia has extended supply reduction, including an additional one million barrels a day, into August, while Moscow plans a 500,000-barrel-a-day cut for next month. The major oil producers aim to support prices, but concerns over potential US recession persist as Brent declines by 11%. #OilPrices #SaudiArabia #Russia #OilShock #OutputCuts #ExportReductions #EnergyMarket #USMarket #SupplyReduction #Brent #GlobalEconomy #RecessionConcerns Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.