Saudi Arabia: We're on track for oil supply cut

OPEC’s secretary general on ‘historic’ oil deal

Saudi Arabia says its efforts to get big oil producers to agree the details of a supply cut next month are on track.

Under pressure from a price collapse, the world’s leading oil exporter abandoned its strategy of pumping flat out two weeks ago when it corralled OPEC into agreeing to reduce production for the first time in eight years.

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World business news – CNNMoney.com

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