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Saudi Arabia's Oil Squeeze: What Does the Production Cut Mean for Your Money

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May 26, 2023

Saudi Arabia's Oil Squeeze: What Does the Production Cut Mean for Your Money

It’s not easy being a cartel of one. Abdulaziz bin Salman, Saudi Arabia's energy

It's not easy being a cartel of one.

Abdulaziz bin Salman, Saudi Arabia's energy minister.

John Stepek

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Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

Just before we get started chatting about oil prices today, I have the results of last week's Bloomberg Markets Live Pulse survey for your delectation. Thanks for all your responses — this one got a huge number of replies, showing just how emotive the topic is.