Reuters | Oil prices post gains on OPEC hopes, but doubts linger Reuters The Kingdom cut oil output in January by at least 486,000 barrels per day (bpd) to 10.058 million bpd, fully implementing an agreement by the Organization of the Petroleum Exporting Countries (OPEC) and other producers to curb a global supply glut. The Oil Supply Glut Is Here To Stay In 2017 Saudis said to cut oil production in line with OPEC agreement Saudis, Russia to diverge on speed of oil output cuts - Kemp |