Saudi Arabia and Russia have extended their unilateral oil supply cuts for another three months. The OPEC+ members aim to bolster a delicate global market. Saudi Arabia will maintain its production cutback of one million barrels a day until December, keeping its output around nine million bpd. Russia will also prolong its export reduction of 300,000 bpd for the same period. The extension aims to support oil prices, especially as many OPEC+ members are grappling with production losses.