Saudi Arabia throws down challenge on oil production cuts - FT.com

Saudi Arabia throws down challenge on oil production cuts - FT.com:

"Saudi Arabia has challenged other big oil producers to join it in output cuts, saying it will back actions to shore up prices next year if these are mirrored by rivals both inside and outside the cartel.
While the proposal from Opec’s de facto leader sets a high bar for a deal and is unlikely to lead to a cut at Friday’s meeting in Vienna, it paves the way for a possible agreement in the future."



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