The supply cut would drive up crude prices just as weakening economies depress fuel demand and prices
Both declined to be identified as they were not authorized to speak to media.
The OPEC+ production cuts come as purchases by China, the world’s top crude importer, are expected to hit a record in 2023 as it recovers from the COVID-19 pandemic, while consumption from No.3 importer India remains robust, traders said. With higher prices and less supply of Middle East sour crude, China and India may be pushed to buy more Russian oil, boosting revenue for Moscow, said the Indian refining official, who declined to be named as he was not authorized to speak to media.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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