The Organisation of the Petroleum Exporting Countries, Russia and other producers pledged last year to cut production by about 1.8 million barrels per day from January 1. – Times file picture The Organisation of the Petroleum Exporting Countries, Russia and other producers pledged last year to cut production by about 1.8 million barrels per day from January 1. – Times file picture Dubai/London: Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from Opec countries and the oil industry said.