Bloomberg Many nations are willing to join OPEC in cutting production to secure a continued improvement in oil prices, said Saudi Arabia’s Minister of Energy and Industry Khalid Al-Falih. The minister didn’t name any countries in his speech at the Oil & Money conference in London Wednesday, saying only that negotiations will continue until the scheduled Nov. 30 meeting ...

  LONDON / Reuters OPEC should be able to reach a deal next month to limit oil production without too much disagreement about individual countries’ output levels, the producer group’s secretary-general said on Tuesday. Mohammed Barkindo also told journalists on the sidelines of the Oil & Money conference that Russia, which is not in OPEC, was not backtracking on its ...

  RIYADH / Reuters Saudi Basic Industries Corp (SABIC) has combined its chemicals and polymers businesses and will spin off its steel unit as part of its restructuring efforts to counter the depressed oil market and weak product prices. Chief Executive Yousef Abdullah al-Benyan was speaking after the firm, one of the world’s largest petrochemicals groups, on Wednesday reported a ...