Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2021, a move that could help stabilize the global oil market and boost energy prices. The combined cuts of 1.3 million barrels of crude out of the global market are intended to “support the stability and balance of oil markets”, pushing benchmark Brent crude above $90 a barrel in trading Tuesday afternoon. The agreement comes despite President Joe Biden's warning of unspecified “consequences” for partnering with Russia on cuts.
Posts tagged as “Saudi Arabia Border Guards Accused”
Saudi border guards have been accused of killing hundreds of unarmed migrants attempting to cross into the kingdom from Yemen, according to a report released by Human Rights Watch. Eyewitness accounts and images of dead bodies suggest the death toll could be in the thousands. Human Rights Watch is calling on Saudi Arabia to investigate the allegations and ensure that its border guards respect the rights of migrants and refugees.