CBC.ca | OPEC cuts, while the US turns on the oil taps CBC.ca Since the OPEC deal was first floated, crude oil production in the United States has increased by nearly half a million barrels per day, with no signs of slowing down. Exports of crude out of the U.S. are also rising and the amount of oil in storage ... Saudi pledges adherence to oil cut, confident others will Oil Trades Near $52 as Saudis See No Need to Extend Supply Cuts Oil Prices Will Be Much More Volatile in 2017: IEA |