OPINION

Slugcatcher: Oil to get a sugar hit from the "Saudi lollipop"

OIL could get a price boost this week after Saudi Arabia opted to go it alone with a one million barrel a day production cut after a fractious weekend OPEC meeting, but Slugcatcher doubts the increase, perhaps to US$80 a barrel, will stick.

Slugcatcher

Dubbed the "Saudi lollipop" by the country's oil minister, Prince Abdulaziz, the million barrel a day decrease is the latest in a series of oil output reductions which have done nothing, so far, to prop...

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