Is Saudi Output Cut A Response To U.S. Oil Boom?

Reduction a Surprise Given Iran SanctionsSome want but can't; some can but won't - This is how we can best describe the current OPEC crude supplies, according to Petromatrix GmbH, a Switzerland-based consultant.Saudi Arabia's production in December was down about 800,000 barrels compared with the same month in 2011, a decline similar to that of Iran, which has been hindered by sanctions over its