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OPEC works on deal to cut output, still needs Russia on board

Reuters Tuesday, 4 December 2018 ()
OPEC works on deal to cut output, still needs Russia on boardOPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia's resistance to a significant production cut was so far the main stumbling block.
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News video: Saudi Energy Minister Says OPEC's Deal to Cut Output Uncertain

▶ Saudi Energy Minister Says OPEC's Deal to Cut Output Uncertain 00:39

According to Reuters, Saudi oil minister said that it was too soon to say if OPEC and its allies would cut production as the terms of a deal remain unresolved, Bloomberg reported. Khalid Al-Falih’s comments come as OPEC and its allies are working towards a deal this week to reduce oil output by at...

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