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Saudis signal readiness to cut oil production in OPEC plan
Saudi Arabia confirmed willingness to cut output as part of an OPEC plan to lift prices, with officials resuming private talks to resolve Iraq’s objections. The proposal envisages a about 7 percent cut for three months starting Jan 1 aiming to push prices toward 44 dollars per barrel.
MENTIONED IN THIS ARTICLE
Geneva
Saudi Arabia
OPEC
Iraq
Organization of Petroleum Exporting Countries
New York Mercantile Exchange
U.S
Hisham Nazer
Ahmed Zaki
Yamani
Nazer
Gill
Fahd