Saudi Arabia Is Ready To Balance Oil Markets At Any Cost

OPEC’s top producer Saudi Arabia has signaled that it is prepared to cut its oil production even deeper than it is cutting now, Nigerian oil minister Timipre Sylva told Bloomberg TV on Tuesday, citing a recent conversation he had with Saudi Energy Minister Prince Abdulaziz bin Salman.   “He assured me that they are very ready to even cut deeper,” Nigerian Minister of State for Petroleum Resources, Timipre Sylva, told Bloomberg, noting that they did not talk about any new production levels at a meeting on Monday.   The…