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Saudi Arabia and Russia seek production cuts



  Saudi Arabian Minister of Oil Khalid al-Falih speaks to journalists at the beginning of an OPEC meeting in Vienna on 6 December 2018.

REUTERS | Leonhard Foeger

Saudi Arabian Minister of Oil Khalid al-Falih speaks to journalists on 6 December 2018 at the beginning of an OPEC meeting in Vienna, Austria.

OPEC and its allies are ready to debate the terms of the price-boosting bid cuts on Friday, after the influential oil cartel had no consensus on production policy for the first time in nearly five years.


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