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		</div><p>Saudi Arabia has said it will extend its unilateral production cut of one million barrels of oil a day to the end of September in its effort to boost flagging energy prices.</p>
<p>The Saudi cut of one million barrels per day, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts to next year.</p>
<p>The kingdom announced the extension in a statement on the state-run Saudi Press Agency, quoting an anonymous official in the kingdom’s Energy Ministry. The official added that the cut “can be extended or deepened” if the need arises.</p>
<p>“This additional voluntary cut comes to reinforce the precautionary efforts made by OPEC+ countries with the aim of supporting the stability and balance of oil markets,” the official said.</p>
<p>The move was widely expected by analysts.</p>
<p>Benchmark Brent crude traded at over $80 a barrel on Thursday.</p>
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