The Sydney Morning Herald | Perfect storm: Why the price of oil is diving The Sydney Morning Herald Demand uncertainty, high production and skepticism about the Organisation of Petroleum Exporting Countries' resolve to curb output have come together to drive oil prices sharply lower. This perfect storm is raising questions about both short- and long ... Saudi Oil Output Hits Record High In November Saudi oil production rises to record amid Trump push Saudi Arabia pumps record amount of oil as Trump piles on pressure |