Bloomberg Daybreak: Asia Edition cover image

Saudis Extend Oil Cut, Apple Trims Production Goals

Bloomberg Daybreak: Asia Edition

00:00

China and Russia Call for Closer Ties With Russia and Harvard Admissions Policy Under the Gun Again

Denise Pellegrini: I wonder what Saudi and Russia extending this supply cut says about in demand. What's that mean for the global economy? Well, if you look at what's going on here, stateside, I think the clue may be the government forecast now for an increase in US oil production to an average 12.6 million barrels a day this year. That would be up from around 11.9 million. So anything that the US is adding to the market, I think OPEC Plus is trying to take away as a way of ensuring that oil prices try to remain higher. But against that, you've got concern about global growth weakening and maybe it's that that's

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