Saudi Arabia, Russia To Maintain Oil Production Cuts In November Despite Price Rally

Saudi Arabia and Russia confirm they will keep oil supply cuts in November despite price rally.

Cuts include Saudi Arabia reducing production by 1 million bpd and Russia cutting exports by 300,000 bpd.

Announcements made hours before OPEC+ meeting; no supply changes expected.

Both nations say cuts aimed at maintaining stability and balance in oil markets.

Supply decisions to be reviewed again next month based on market conditions.