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'The decisions surprised oil markets, and prices reacted strongly and suddenly following the announcements'.

Saudi Arabia and Russia reaffirmed that they will stick with oil supply curbs of more than 1 million barrels a day until the end of the year.

Saudi Arabia will prolong its unilateral oil production cut by one month.

Aramco is bucking threats on Red Sea vessels from Yemen's Houthi rebels.

Saudi Arabia slashed its official crude oil selling prices to Asia by the most since February.

Saudi Arabia will provide some Chinese buyers with less crude than they asked for next month, while fulfilling requests from many other customers in Asia after OPEC+ pledged to speed up production hikes.

Saudi Arabia extended its unilateral oil production cut by another month.

Saudi Arabia has no good reason to drive the oil price up to $100 per barrel, according to Bjarne Schieldrop, the Chief Commodity Analyst at SEB.

Saudi Arabia has once again reminded the global oil market who is king, according to Skandinaviska Enskilda Banken AB.

Crude and refined-fuel markets are strongly backwardated.