Stock - Oil / energy / fuel
On July 3, Saudi Arabia said it would extend the cut for another month to include August, adding that it could be extended further. Image Credit: Reuters

Riyadh: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include September, the state news agency SPA said on Thursday.

The agency cited an official source at the ministry of energy as saying the cut can be “extended or extended and deepened”.