OPEC kingpin Saudi Arabia on Friday defended the decision by the oil cartel and its partners to cut crude production, saying they had done the right job to ensure a stable and sustainable market.
OPEC+ decided earlier this month to cut the crude oil production quota by 2 million barrels a day from November to support falling oil prices.
Saudi Arabia, which co-chairs the OPEC+ alliance with Russia, has come under fire from the US for cutting output at a time when many forecasters…
