You are here

Riyadh signals deeper cuts after non-Opec curbs

Saudi oil minister ready to cut to below the psychologically significant level of 10 million barrels a day

"... we're going to cut and cut substantially to be below the level that we have committed to on Nov 30," says Mr Al-Falih.


SAUDI Arabia signalled that it's ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several other non-Opec countries pledged to curb output next year.

Taken together, the Organization of the Petroleum Exporting Countries's (...

Market voices on: