CNBC | Look for OPEC to cut oil production by 1 to 1.5 million barrels at next meeting, says analyst CNBC An oil production cut is expected when the Organization of the Petroleum Exporting Countries (OPEC) meets in Vienna next week amid worries over a U.S.-China trade war, a supply glut and demand slowdown, according to Johannes Benigni, chairman and ... Perfect storm: Why the price of oil is diving Saudi Oil Output Hits Record High In November Oil market power ebbs from OPEC to the troika: analysis |