Saudi's MBS, Putin Unite Again To Jolt Biden and U.S.
Saudi Arabia and Russia deliver another jolt to US, boosting prices as output cuts and export reductions are announced. Saudi Arabia has extended supply reduction, including an additional one million barrels a day, into August, while Moscow plans a 500,000-barrel-a-day cut for next month. The major oil producers aim to support prices, but concerns over potential US recession persist as Brent declines by 11%
