Saudi Arabia and Russia’s plans to curb oil exports lift crude prices

Most of Russia’s oil is still sold at deep discounts below the G7 price cap, to the Kremlin’s displeasure, as the country seeks higher revenues while waging war in Ukraine

Export control: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives for an Opec meeting in June.
Export control: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives for an Opec meeting in June.Photo: REUTERS/SCANPIX
Published 3 July 2023, 11:36Updated 4 July 2023, 09:22