Reuters | Saudis cut oil output to lowest in two years, pledge further reductions Reuters This means Saudi Arabia has cut oil production by more than the 486,000 bpd it agreed to late last year under a global deal to curb production and stem a fall in oil prices. Falih also said he expected the oil market to tighten in two to three years ... Oil Extends Biggest Gain in 6 Weeks as Saudis Make Deeper Cuts Oil prices swing higher as dollar falls, Chinese demand grows Oil price swings higher after triple-whammy boost |