CNBC | Oil rises after Saudi warns weaker demand may warrant 1 million barrels per day output cut CNBC Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day. Saudi Arabia, the world ... Oil prices rise as Saudi Arabia signals production cut Abu Dhabi summit: Oil production cuts may be necessary To Prop Up Oil Prices, Officials Begin to Weigh Production Cuts |