CNBC | Oil steadies but remains threatened by potential supply glut CNBC The Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, is considering a cut of up to 1.4 million barrels per day (bpd) next year to avoid the kind of build-up in global inventories that prompted the oil price to crash ... Fall in global crude price may ease India's import bill and inflation The oil price swings dramatically Oil Snaps Record Losing Streak as Stronger OPEC Cuts Seen Likely |