# Saudi Arabia expected to extend voluntary oil cut for September, analysts say

> Analysts expect Saudi Arabia to extend its voluntary 1 million bpd oil output cut into September. The decision is seen as a key signal for how supply will be managed in the fourth quarter.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34943-saudi-arabia-expected-to-extend-voluntary-oil-cut-for-september-analysts-say
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

An extended Saudi cut would keep global crude supply tight, supporting oil prices and the cost of diesel and fuel for feed operations.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-09-05 | [Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year](https://feedsoft.ai/events/34018-saudi-arabia-to-extend-voluntary-cut-of-1-million-barrels-per-day-until-the-end.md) | +2.0% | +1.7% |
| BRENT | 2023-10-04 | [Saudi Arabia, Russia to continue voluntary oil cuts \| Reuters](https://feedsoft.ai/events/33520-saudi-arabia-russia-to-continue-voluntary-oil-cuts-reuters.md) | -3.8% | -6.0% |
| BRENT | 2019-04-01 | [Saudi Arabia to Extend Deep Oil Output Cuts Into April](https://feedsoft.ai/events/60021-saudi-arabia-to-extend-deep-oil-output-cuts-into-april.md) | +2.9% | +5.1% |
| BRENT | 2024-03-04 | [Saudi Arabia and the UAE among Opec+ members extending oil output cuts \| The National](https://feedsoft.ai/events/31114-saudi-arabia-and-the-uae-among-opec-members-extending-oil-output-cuts-the.md) | -1.2% | +3.1% |
| BRENT | 2023-08-04 | [OPEC+ Sticks To Oil Output Policy As Saudi Extends Voluntary Production Cut](https://feedsoft.ai/events/34492-opec-sticks-to-oil-output-policy-as-saudi-extends-voluntary-production-cut.md) | +1.5% | +1.6% |
| WTI | 2023-09-05 | [Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year](https://feedsoft.ai/events/34018-saudi-arabia-to-extend-voluntary-cut-of-1-million-barrels-per-day-until-the-end.md) | +2.1% | +3.8% |
| WTI | 2023-10-04 | [Saudi Arabia, Russia to continue voluntary oil cuts \| Reuters](https://feedsoft.ai/events/33520-saudi-arabia-russia-to-continue-voluntary-oil-cuts-reuters.md) | -3.7% | -8.8% |
| WTI | 2019-04-01 | [Saudi Arabia to Extend Deep Oil Output Cuts Into April](https://feedsoft.ai/events/60021-saudi-arabia-to-extend-deep-oil-output-cuts-into-april.md) | +4.9% | +5.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/saudi-arabia-expected-extend-voluntary-oil-cut-september-analysts-say-2023-07-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.