Bloomberg with the headlines
Ouch. If anything, this just shows their lack of resolve in trying to reach a pact with other producers ahead of the meetings today and tomorrow.
Their April benchmark/baseline will be significantly higher as they have raised output to what is believed to be around 12.3 mil bpd after last month's OPEC+ deal fell apart.
So, any significant cut from that level needs to be taken into that context as Saudi Arabia was only pumping around 9.7 mil bpd in February.
