Saudi Arabia cut oil production by 23.3% in August compared to July Saudi Arabia cut oil production by 23.3% in August compared to the previous month, while exports increased by 7.9%, according to the Joint Data Initiative (JODI) website.

Saudi Arabia cut oil production by 23.3% in August compared to July Saudi Arabia cut oil production by 23.3% in August compared to the previous month, while exports increased by 7.9%, according to the Joint Data Initiative (JODI) website.