Saudi Arabia extends oil production cut in bid to boost energy prices

A Saudi official said the cut ‘can be extended or deepened’ (Alamy/PA)

Saudi Arabia has said it will extend its unilateral production cut of one million barrels of oil a day to the end of September in its effort to boost flagging energy prices.

The Saudi cut of one million barrels per day, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts to next year.