The Saudis Change Their Tune on Oil Production Cuts

Ahead of the Dec. 4 OPEC meeting in Vienna, an unnamed delegate said Saudi Arabia is organizing a cut in global oil production in conjunction with OPEC and non-OPEC countries. Although Saudi officials have denied the claim -- and the report of the claim even noted that an agreement is unlikely to materialize at the meeting -- there has been a subtle shift in the Saudi kingdom's tone on its oil policy....