Saudis Vow to Ignore OPEC Decision to Cut Production

VIENNA


The Saudis made their strategy clear in informal talks and briefings with oil industry analysts and reporters, but as is their custom they would not speak for attribution because they did not want to appear to undermine a collective decision by OPEC that they endorsed publicly.

The confusion surrounding the meeting briefly slowed the decline in prices as oil markets tried to untangle the cartel