Production

Oil gains ground on Saudi pledge for further production cuts

Prices also draw support from promises from the United Arab Emirates and Kuwait to also further reduce their output

Looking up: oil prices gained support from pledges by several Middle Eastern producers to make further production cuts
Looking up: oil prices gained support from pledges by several Middle Eastern producers to make further production cutsPhoto: REUTERS/SCANPIX
  • Reuters
productionSaudi ArabiaUSAStephen InnesOpec
Published 12 May 2020, 05:44Updated 12 May 2020, 05:44