Brent Crude Commodities

Saudi Arabia is considering large oil cuts due to coronavirus

Saudi Arabia is debating a short-term oil product cut as the deadly coronavirus continues to spread, the Wall Street Journal reported, citing OPEC officials. The Oil Cartel, The Organization of the Petroleum Exporting Countries and its allies are expected to meet Tuesday and Wednesday to talk about the possibility of large oil cuts, according to the Journal.

Related posts

Trump has meeting with top oil executives


What is the future use of Crude oil & Natural Gas? Does it even have one?


The U.S Oil industry will see thousands of jobs lost