Saudi Arabia and OPEC Arabian Gulf Members Is Ready To Cut Production 4%

Saudi Arabia and OPEC Arabian Gulf Members Is Ready To Cut Production 4%; Informed sources told The Daily Chappaqua that the energy ministers of the Gulf countries told their Russian counterpart this week that Saudi Arabia and its allies in the Gulf Organization of Petroleum Exporting Countries want to cut their production by four percent from peak levels. The sources said the offer was made during a closed meeting in Riyadh on Sunday, where he met the minister.