CNBC | Do the math: How Saudis can cut oil production CNBC Last week Russia and Saudi Arabia announced a provisional plan to freeze oil production levels if other major producers went along. But by late in the week, with Iran balking as expected, both the Russians and Saudis were walking the deal back, with ... Who Will Be Left Standing At The End Of The Oil War US shale oil output rise set to fill cutback by Opec, says official Not even OPEC saw oil crash coming |