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Opec meet: Saudis unlikely to cut output, keeping US shale oil impact in mind

Published Tue, Nov 25, 2014 · 09:50 PM

    Riyadh

    OPEC's biggest crude producer Saudi Arabia will have its sights set on the upstart US shale oil business at a crucial cartel meeting to debate possible output cuts on Thursday.

    Analysts say the kingdom is content to see shale oil producers - and even some members of the cartel - suffer from low prices and will resist pressure to reduce output and shore up the cost of oil.

    OilSaudi ArabiaOpec

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