Saudi Arabia threw its support behind OPEC’s proposed 1 million barrels-a-day production cut Thursday, giving a jolt to oil prices. “We will try to make the market balanced,” Saudi oil minister Ali Naimi said, ending two weeks of silence from the world’s largest oil producing nation. Naimi’s statement came as the cartel’s oil ministers gathered in the capital of Qatar for emergency talks on cutting output after a price decline of more than 25 percent since mid-July. Full Story
About OODA Analyst
OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.