A slowing Saudi economy has little choice but to cut production

Vivek Y Kelkar • August 14, 2023 / 08:10 IST

Saudi Arabia finds itself in a catch-22 situation. Oil production cuts have slowed its economy, but weakening demand prospects aren’t giving the Kingdom the benefit of the cuts

While oil prices did rise in June and July on expectations of a China economic recovery, those don’t hold anymore

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