Oil prices rise as Saudi Arabian official says agreement near to cut productionLow world oil prices have taken an especially heavy toll on the Gulf countries that depend heavily on petroleum revenues by The Associated Press
The world’s oil producers are close to an agreement to cut production to shore up prices, a Saudi official said March 9. The comments in advance of an OPEC meeting helped push up oil prices.
There is an agreement that will be reached between members of the Organization of the Petroleum Exporting Cou....
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Cutting production most important issue
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