Gulf Business News | Saudis, Russians Say Oil-Output Cuts Proceeding Faster Than Planned Wall Street Journal VIENNA—The Organization of the Petroleum Exporting Countries and Russian officials said Sunday they were making good progress on their pledges to cut back crude-oil production and raise global prices. Saudi energy minister Khalid al-Falih said OPEC's ... Despite diversification efforts, oil revenues vital for Saudi's growth Saudi's Falih says output cuts set to lower oil inventories Oil shortage could hit by 2020 if investment doesn't pick up: Saudi Energy Minister |