Reuters | Oil surges on hopes for output cuts to trim glut Reuters Saudi Arabia, kingpin of the Organization of the Petroleum Exporting Countries, and top non-OPEC producer Russia are showing signs of flexibility about agreeing to tackle the global oil glut, the oil minister of Iraq said. Worries about the Chinese ... Oil prices surge on optimism around deal to reduce global output Key Opec Members Defend Oil Output Strategy Oil ends with a gain as OPEC members hint at 'cooperation' |