DUBAI: Saudi Arabia’s cabinet on Tuesday welcomed the latest OPEC+ decisions, saying Saudi Arabia’s decision with seven other countries to extend their voluntary oil cuts aimed to boost precautionary efforts to support oil market stability, the state news agency SPA reported.

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Saudi Arabia - along with Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia and the United Arab Emirates - extended voluntary cuts of 2.20 million bpd by three months to the end of September.