Opec hawks push for output cut

VIENNA: Saudi Arabia has come under increased pressure from fellow Opec members to cut output to prop up prices as the group meets this week amid one of the most severe oil gluts in its history.

Opec is widely expected to stick to its policies – enforced by Saudi Arabia’s oil minister Ali al-Naimi a year ago – of defending market share by pumping record volumes to drive rival, higher-cost producers out of the market.