Gulf unwilling to tighten oil taps alone

KUWAIT CITY: Saudi-led Gulf Organization of the Petroleum Exporting Countries (OPEC) members will reject pressure to shoulder the cost of cutting oil production alone despite warnings that prices risk sliding further, officials and analysts say.

Saudi Arabia, Kuwait, the United Arab Emirates and Qatar, which pump more than half of OPEC’s 32 million barrels of daily output, want a solid commitment from all other producers, especially non-OPEC member Russia, to agree to production cuts across the board.