Gulf delegates: No chance of OPEC output cut even after oil dips below $50

08 January 2015, Dubai/London - Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.OPEC decided against limiting production at its last meeting on Nov 27, despite misgivings from non-Gulf members, after Saudi Oil Minister Ali […] More »