SUBSCRIBERS
Saudi Arabia didn't make output cut proposal: report
Published Sun, Jan 31, 2016 · 09:50 PM
Dubai
SAUDI Arabia was not the source of a proposal to cut oil production that Russia was studying, al-Arabiya television reported on Sunday, quoting an unnamed Saudi source.
But the kingdom, the world's biggest oil exporter, wanted to cooperate with other producers to support the oil market, the source also told the Dubai-based satellite channel.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Saudi Arabia hikes oil selling prices for all grades to Asia
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month