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Saudi Arabia to Cut Oil Production by 1 Million Barrels per Day to Boost Prices

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Saudi Arabia to Cut Oil Production by 1 Million Barrels per Day to Boost Prices
Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the 186th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, on June 3, 2023. Joe Klamar/AFP via Getty Images
Emel Akan
Updated:
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OPEC countries and their partners, known as OPEC+, showed their commitment to higher oil prices at their meeting in Vienna on June 4.

Following their meeting, OPEC+ members extended their voluntary supply cuts until the end of 2024, which were first announced in April and were supposed to expire at the end of 2023, according to the Saudi Press Agency, the official news agency of the kingdom.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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