The Week UK | Oil price falls after 'disastrous' Saudi supply announcement The Week UK Both are among the largest producers in the Opec cartel and Saudi Arabia is also among a few oil powers that can influence the overall global supply outlook, so the news has knocked hopes of a deal to rebalance the market. International price benchmark ... Crude reckoning: what will oil price slump mean for the global economy? Oil hammered on all sides but $10 unlikely: Yergin $20 Oil Is Now A Distinct Possibility As Chinese Demand Wanes |