A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat\u002Dfooted and will lift global prices with little…
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response by oil-consuming nations, industry executives said on Sunday.
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