In ‘gesture of good will,’ Saudi Arabia to cut more oil output as Russia, Kazakhstan bump up production
January 05, 2021 at 14:31 PM EST
The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, reached an agreement Tuesday following an extended meeting to essentially keep total production curbs for most producers in place in February and March, but Saudi Arabia will cut more output to offset higher production from Russia and Kazakhstan.