Saudis Mull Quiet Cuts to OPEC Production
The kingdom seeks to curb plunge in oil prices without raising the ire of U.S. President Trump
In a statement Tuesday, President Trump signaled that he plans to stand beside Saudi Arabia after the death of journalist Jamal Khashoggi. But as WSJ's Gerald F. Seib explains, it won't be that simple. Photo: Getty
Saudi Arabia and OPEC are inching toward a compromise between pleasing the U.S. with policies that won’t lead to price spikes and throttling back the flow of its oil to rebalance oversupplied global markets.
The solution the cartel is considering: A production cut that doesn’t look like a production cut.
Under such a scenario, the Organization...