Saudi Arabia, the cartels kingpin, said Wednesday it had cut its - TopicsExpress

Saudi Arabia, the cartels kingpin, said Wednesday it had cut its crude production by about 400,000 barrels a day in August. An industry official said the drop was tied to lower exports to the kingdoms core Asian markets. But Iran and Nigeria have told OPEC they increased their crude output by 10,000 barrels a day and 152,000 barrels a day last month, respectively. online.wsj/articles/opec-says-world-will-need-less-of-its-oil-next-year-1410348270

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