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Saudi Arabia might not be ready to fold just yet

Business Insider - 13 Feb 2016 16:13
Thomson Reuters There have been a few whispers of a coordinated cut between OPEC and non-OPEC over the last few weeks. Most recently, on Thursday, the Wall Street Journal's OPEC correspondent Summer Said tweeted: "OPEC is ready to cooperate on a cut, but current prices are already forcing non-opec producers to at least cap output, says UAE Energy min." But the Kingdom might not be ready to fold just yet. "Possible ongoing talks on coordinated OPEC and non-OPEC crude oil production cuts are unl...
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