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OPEC president backs Saudi plan to cut oil output

OPEC president backs Saudi plan to cut oil output
# 25 August 2022 16:56 (UTC +04:00)

OPEC's Rotating President and Republic of Congo Oil Minister Bruno Jean-Richard Itoua declared to The Wall Street Journal that the Saudi proposal on cutting oil production was in line with his "views and objectives," the newspaper said Thursday, APA reports.

Earlier this week, it became known that Saudi Arabia and some of its oil-producing allies had suggested cutting crude oil production. This move displeased the US, which saw the Kingdom as a critical ally to cool down the market.

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