Bloomberg | Saudi Arabia Is Taking a Harder Line on Oil Prices Bloomberg For the past year, the Organization of Petroleum Exporting Countries and Russia -- once fierce oil-market rivals -- have led a coalition of 24 producers in output cuts aimed at clearing the supply glut unleashed by U.S. shale-oil drilling. Their ... Oil hits highest in nearly two weeks on Asian equity recovery OPEC And Shale Keep Oil Prices Between $60-$75 For timing of Aramco IPO, watch forward oil price curve |