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Oil Cuts

Saudi Arabia ‘revisiting’ policy on oil output cuts, India says

NEW DELHI: Indian Oil Minister Dharmendra Pradhan said on Wednesday Saudi Arabia and other OPEC producers are “revisiting” their output-cutting policy, referring to a discussion he had with his Saudi Arabian counterpart. “For the first time, the Saudi Arabian oil minister called us and said ‘we are revisiting our policy on oil output cuts’,” Pradhan said. This follows news on Tuesday that the US government had unofficially asked Saudi Arabia and some other OPEC producers to raise oil output. OPEC and non-member…