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Explainer: Why is OPEC cutting oil output?

Saudi Arabia, the group#39;s biggest producer, will make a deep cut to its output in July on top of a broader OPEC deal to limit supply into 2024 as the group faces flagging oil prices.

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​ Saudi Arabia, the group#39;s biggest producer, will make a deep cut to its output in July on top of a broader OPEC deal to limit supply into 2024 as the group faces flagging oil prices. Saudi Arabia, the group#39;s biggest producer, will make a deep cut to its output in July on top of a broader OPEC deal to limit supply into 2024 as the group faces flagging oil prices.  Moneycontrol Latest News Read More  

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