Saudi Arabia could deepen production cuts beyond 1 million barrels per day if Brent futures drop below $70/barrel: analyst

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Saudi Arabia could deepen production cuts beyond 1 million barrels per day if Brent futures drop below $70/barrel: analyst. Vladimir Simieck/AFP/Getty Images OPEC+ met on Sunday to discuss its outlook for oil production among member countries. Saudi Arabia announced a 1 million barrel per day production cut in July. But one analyst says the country could deepen the production cuts should Brent future prices fall below $70/ barrel. Saudi Arabia could extend its July production cuts beyond 1 million barrels per day if Brent futures fell below $70/ barrel, according to one energy analyst. "We think Saudi Arabia will look...