Saudi Arabia Says It Won't Cut Oil Output

(Reuters) -- Saudi Arabia said Sunday it would not cut output to prop up the crude-oil market even if non-OPEC nations did so, sending one of the strongest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years. Referring to countries outside the Organization of the Petroleum Exporting Countries, or OPEC, Saudi Oil Minister Ali al-Naimi told reporters: "If they want to cut production, they are welcome. We are not going to cut, certainly Saudi Ar...