CNBC | Saudi Arabia cuts oil production in July despite OPEC agreement to hike output CNBC President Donald Trump is aiming to cut Iran's oil exports to zero by November, a policy that threatens to leave the world short of oil and boost prices at the pump if OPEC and Russia cannot fill the gap. A group of two dozen oil-producing nations has ... OPEC's Output Rose in July Despite Decline in Saudi Oil Production Saudi cuts oil output as OPEC points to 2019 surplus OIL PRICE CRISIS: Saudi Arabia CUTS OIL PRODUCTION as US oil prices drop |