Saudis to cut oil output by 0.5 million bpd in OPEC deal: source

Saudis to cut oil output by 0.5 million bpd in OPEC deal: source

Ali Jarekji

The country's output stood at 10.54 million bpd in October.

The source also said OPEC, at a ministerial meeting in Vienna, had agreed to suspend Indonesia from the Organization of the Petroleum Exporting Countries and allow Iran to set new production levels at 3.797 million bpd.

(Reporting by OPEC team; Editing by Dale Hudson)

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