Opec seeks 'sufficient cut' to prop up plunging crude oil prices: Saudi

We're looking for a sufficient cut to balance the market, equally distributed between countries, said Opec

OPEC is looking for a "sufficient" cut in oil production among its members in order to prop up plunging crude prices, Saudi Arabia's oil minister said on Thursday.

"We're looking for a sufficient cut to balance the market, equally distributed between countries," Khalid al Falih told reporters ahead of an OPEC meeting in the Austrian capital.