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FinancialNews


  • 11-11-18

    Saudi Arabia mulls over oil production reduction

    (MENAFN) Saudi Arabia is mulling over a plan for OPEC and its partners to reduce the production of oil by as much as one million barrel a day.

    The talks on the suggestion are yet to be completed, seeing that they rely on the cuts of exports from Iran.

    The news was unveiled to Reuters on Sunday by two sources in close relations to the negotiations.

    A source revealed: "there is a general discussion about this. But the question is how much is needed to reduce by the market."

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