5 things to know about Saudi Arabia's stunning decision to cut oil production

https://www.npr.org/2023/04/03/ [login to see] /saudi-arabia-oil-production-cuts-gas-prices-energy-markets
Saudi Arabia and a handful of other countries stunned the world on Sunday by announcing significant cuts in their oil production – totaling more than a million barrels of oil per day – starting in May.

The decision was unexpected because it did not come as a typical, negotiated OPEC+ agreement reached at a regularly scheduled meeting. Instead it was undertaken by Saudi Arabia and other producers including the United Arab Emirates and Iraq, and announced without warning.