Saudi Arabia to cut oil output in new agreement into 2024 that may support long-term LNG contract prices
Sunday, 04 June 2023
Long-term contract prices of liquefied natural gas linked to crude oil are set to increase in the weeks ahead as the Organisation of Petroleum Exporting Countries led by Saudi Arabia and other Non-OPEC oil-producing countries opted at a summit in Vienna to extend cuts in oil production through 2024 and with the Saudis making an additional reduction in their own output.
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- OPEC agreement
- Oil and gas prices
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- oilbacked LNG
- LNG longterm price links ed to oil
- OPEC cuts per nation
- Iraq oil and gas
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- Kuwait oil and gas
- UAE oil and gas
- Azerbaijan oil and gas
- Organisation of the Petroleum Exporting Countries
- OPEC plus
- Russian oil production
- Mexican oil output
- Prince Abdulaziz bin Salman
- Saudi oil cuts
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