CNBC | Lots of words, but no OPEC action even as oil soars CNBC Despite talk of output reductions, OPEC is unlikely to leave its meeting Friday with any agreement on production cuts. Oil prices jumped Thursday on a report that Saudi Arabia was seeking a production cut next year if other producers, including non ... Oil Prices Gain on Weaker Dollar, Positioning Ahead of OPEC Meeting Saudi Arabia throws down challenge on oil production cuts As Saudi Arabia Battles Its Oil Rivals, Prices Are Expected To Stay Low |