Reuters | Oil stable as planned output cuts start to materialize Reuters Oil producers including Kuwait, Saudi Arabia, and Abu Dhabi, who are members of the Organization of the Petroleum Exporting Countries (OPEC), have notified customers that they would cut supplies from January as part of an effort by OPEC and other ... The Oil Mystery Behind Saudi Arabia's Production Cut Oil rises as investors hunt bargains, Kuwait promises to cut more supply US crude settles down 14 cents at $50.90, hit by dollar strength after Fed rate hike |