Commodities

Saudis, Russia negotiating potential deal for gradual oil-output increase

By Caoimhe Toman

Date: Thursday 01 Jul 2021

(Sharecast News) - Saudi Arabia and Russia are negotiating the details of an oil supply hike which would add around 2m barrels a day to the cartel's output from August to December, said delegates who spoke to Bloomberg on Thursday.
The implementation of the deal will be conditioned by the state...

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