Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies.
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…
NEW YORK: Crude oil prices fell Friday on global demand worries and questions about Saudi Arabia's reported production cuts that pushed up prices on Thursday.