[Central News Agency] Saudi Arabia and other major oil countries unexpectedly announced today that they will cut crude oil production by 1.15 million barrels per day from May to the end of the year. tight.

Higher oil prices will boost the coffers of Russian President Vladimir Putin's government as Russia continues its war on Ukraine and force Americans, including Americans, to pay for oil amid high inflation, the Associated Press reported. More.

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The move could also lead to further strained relations with the United States.

Washington has called on Saudi Arabia and other allies to increase oil production in order to bring down oil prices and put pressure on Russia's finances.

The Saudi Ministry of Energy stated without naming names that Saudi Arabia will cut crude oil production by 500,000 barrels per day in cooperation with the Organization of Petroleum Exporting Countries (OPEC) and certain non-OPEC members.

This is the second production cut announced by Saudi Arabia after angering the administration of U.S. President Joe Biden in October last year.

The Saudi Ministry of Energy emphasized that this "precautionary measure" was aimed at stabilizing the market.

The cuts are less than 5 percent of Saudi Arabia's average output of 11.5 million barrels per day last year.

Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman also announced through their respective state-run media that they would cut production by 211,000 barrels, 144,000 barrels, 128,000 barrels, 78,000 barrels, and 48,000 barrels per day during the same period , 40,000 barrels.

The countries are all members of the so-called Organization of Petroleum Exporting Countries and Allied Oil Countries (OPEC+), a group that includes former OPEC members, as well as Russia and other major oil nations.

There was no immediate statement from OPEC itself.

This is the largest production cut since OPEC+ announced a production cut of about 2 million barrels per day in October last year, when soaring prices were a major issue in the upcoming U.S. midterm elections.

Biden vowed at the time that the cuts would have "consequences," while U.S. Democrats in Congress called for a freeze on cooperation with Saudi Arabia.

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