Reuters | Oil surges 5 percent on trade truce, expected supply cuts Reuters Oil also received support from an announcement by the Canadian province of Alberta that it would force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), to deal with a pipeline bottleneck that has led to crude building up in ... Qatar quitting OPEC means the oil cartel is now just a 'two-member organization,' oil analyst says Qatar to quit OPEC oil group to focus on gas exports Qatar pulls out of Opec oil producers' cartel |