Oil Producing Gulf Countries Jointly Agree to Cut Oil Production by Up to 670,000 Barrels Per Day
BlockBeats News, March 10th: According to market sources, Saudi Arabia, the UAE, Iraq, and Kuwait have collectively cut their crude oil production by up to 6.7 million barrels per day.
The Suez Canal Blockage has triggered an unprecedented energy crisis, reaching a level of escalation far beyond what all parties had previously anticipated.