OPEC oil cuts at risk as Russia yet to commit

Reuters VIENNA, AUSTRIA Dec 06, 2018, 07.21 PM (IST)

The Organisation of the Petroleum Exporting Countries (OPEC) met on Thursday in Vienna ahead of talks with allies such as Russia on Friday and amid a drop in crude prices caused by global economic weakness and fears of an oil glut due largely to a rise in US production. The producer group's de facto leader, Saudi Arabia, has indicated a need for steep reductions in output from January but has come under pressure from US President Donald Trump to push oil prices lower. The World is One News, WION examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults. Subscribe to our channel at https://goo.gl/JfY3NI Check out our website: http://www.wionews.com Connect with us on our social media handles: Facebook: https://www.facebook.com/WIONews Twitter: https://twitter.com/WIONews Google Plus: https://plus.google.com/+WIONews