CNBC | Saudi Arabia throws down challenge on oil production cuts CNBC Saudi Arabia has thrown down a challenge to big rival oil producers ahead of this week's Opec meeting, saying it would back output cuts as long as they were supported by countries both inside and outside the cartel. The kingdom, the Organisation of ... OPEC's Faith in Oil Demand Rise Rests on Shaky Ground Oil rises on report of Saudi proposal to balance market next year OPEC will struggle as oil prices dip below $40 |