Oil prices to surge as Saudis slash production

Saudi-led oil producers are to slash output by more than 1m barrels a day amid a scramble to drive up crude prices in the face of the stuttering global economy. The surprise cut by the Opec cartel of countries was expected to increase the cost of a barrel of oil by as much as $10 in trading on…#saudi #opec #saudis #vladimirputin #ukraine #danpickering #houston #ubs #amritasen #energyaspects
Source: Reuters: Health - Category: Consumer Health News Source Type: news