Saudi Arabia cuts oil output by 1 million barrels per day to boost sagging prices

Saudi Arabia, the dominant producer in the OPEC oil cartel, was one of several members that agreed on a surprise cut of 1.16 million barrels per day in April

source https://www.thehindu.com/news/international/saudi-arabia-cuts-oil-output-by-1-million-barrels-per-day-to-boost-sagging-prices/article66931426.ece