# Saudi Arabia announced an additional voluntary 1 million b/d cut from July 2023

Date: 2023

_No public text on this fact yet._

## Drivers

- Global Oil-Market Balance: https://factrail.ai/drivers/global-oil-market-balance

## Sources

_Sources are listed on the canonical page._

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/saudi-voluntary-cut-1mbd-july-2023-spare-capacity