01.02.2016 - Saudi Arabia will cooperate on oil output, didn't propose production cut, says Arabiya
Saudi Arabia wants to cooperate with other oil producers to support the oil market, Saudi-owned Al Arabiya television reported on Sunday, quoting an unnamed Saudi source. The source also told the Dubai-based satellite channel that the kingdom was not the source of a proposal to cut production that Russia was studying. Russia said on Thursday that OPEC had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices...............................................Full Article: Source
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