OPEC discusses oil cut after Saudis say they won't shock market

LONDON/CAIRO (Dec 6): OPEC ministers discussed cutting their oil output by about 1 million barrels a day, a proposal that would go a little further than Saudi Arabia’s suggestion of a reduction that wouldn’t shock the market.

Under pressure after a collapse in oil prices last month, the kingdom is seeking to walk a fine line between preventing a surplus and appeasing U.S. President Donald Trump.