Saudis Cut Oil Output Again as Kingdom’s Budget Reels From Crash
Crude oil storage tanks stand at Saudi Aramco’s Abqaiq crude oil processing plant. (Photographer: Faisal Al Nasser/Bloomberg)

Saudis Cut Oil Output Again as Kingdom’s Budget Reels From Crash

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(Bloomberg) -- Saudi Arabia announced a surprise move to slash oil output to the lowest in 18 years as it tries to spur the recovery from an energy crisis that has devastated the kingdom’s finances.
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