Saudi Arabia announces further voluntary cuts of 1 Million Barrels a Day

https://www.cnbc.com/2023/06/04/opec-sticks-to-2023-oil-production-targets-as-saudi-arabia-announces-further-voluntary-cuts.html

OPEC is sticking to its production cuts through 2024. In addition, Saudi Arabia starting in July will voluntarily cut an additional 1 Million Barrels a day for 1 month which can be extended. This brings Saudi production to the lowest point in 9 years excluding covid.