World’s biggest oil producers at odds ahead of talks on major cuts

The Business Times | Apr 9, 2020 at 12:00 AM
  • The world’s top crude oil producers Saudi Arabia, Russia and the United States remained at odds on Wednesday over how to shore up global crude prices hammered by the coronavirus crisis and a price war, as meetings on the topic loomed this week.
  • Russia is ready to cut its oil output by 1.6 million barrels per day.
  • Saudi Arabia ramped up output to a record 12.3 million bpd in April, from below 10 million bpd in March.