MarketWatch | Oil prices turn higher after reports of Saudi crude cuts to Asia MarketWatch That declaration came as the Organization of the Petroleum Exporting Countries—of which Saudi Arabia is the most important member—has struggled to reduce the oversupply of oil in the global market that has weighed on prices for three years. Oil And The OPEC Meeting - Something To Believe In Oil prices fall as Libyan field resumes production UAE's main oil company in talks over offshore oil stakes |