"The Kingdom's crude exports for December will be 500,000 bpd lower than November", Saudi Energy Minister Khalid Al-Falih told reporters at the meeting in Abu Dhabi.
The 14 members of the Organisation of Petroleum Exporting Countries, which include Saudi Arabia, alone pump over a third of global crude supply.
But Falih said ahead of the meeting of OPEC and non-OPEC key producers that there was not yet consensus on a broader output cut.
When asked about the possibility of an output cut, he insisted it was "premature to talk about a specific action".
"We'll make sure we'll steer the global oil markets ... to make sure we don't jerk the oil markets into swinging either side", said Mr Al Falih. "I think those reports are going to be even weaker because they will have to adjust for the increase in USA production", Jakob said.
Meeting in Abu Dhabi to examine how to curb a sharp slide in oil prices, the producers said they "reviewed current oil supply and demand fundamentals and noted that 2019 prospects point to higher supply growth than global requirements".
U.S. West Texas Intermediate (WTI) crude oil futures were at 60.73 dollars per barrel, up by 54 cents, or 0.9 per cent from their last settlement.
"With the Iranian sanctions not being as severe as initially feared, officials from the OPEC and non-OPEC producers may discuss at the weekend the need to bring compliance back down towards the 100-percent level or risk another 2014-style slide in prices", he said.
Trump ruled out cemetery motorcade as disruptive
Other world leaders also gathering in Paris braved the drops to pay respect at respective military cemeteries in the region. As many as 1,800 American soldiers killed in the World War I battle of Belleau Wood are buried in the French cemetery.
Woman (50) arrested over strawberry needle crisis
At the time, a disgruntled ex-employee was thought have sabotaged a strawberry farm on the Sunshine Coast. Thousands of strawberries were left to rot in Queensland after the needles were found buried within a few.
He said the market sentiment has shifted from one of fearing shortages to one anxious about oversupply.
A record influx of USA crude at 11.6 million bpd, outpacing Saudi Arabia's output of 10.7 million bpd and Russia's 11.4 million bpd, has sent prices tumbling down.
Suheil al-Mazrouei, energy minister of the host country UAE, hinted that producers are preparing to cut output.
The imposition of sanctions against Iran and those who do business with Iran has had a very limited impact on oil prices, due in large part to strong output from the US and Russian Federation.
But they climbed on Monday as the world's biggest supplier Saudi Arabia announced plans to cut production in response to fears of oversupply.
"The recent drop in oil prices reflects a combination of factors".
But the producer nations eased the output cuts in June after signs of a tighter market and higher prices, allowing hundreds of thousands of extra barrels to hit the market.
Mr Macron has previously made much of the fact he is the one European leader to have a good relationship with the USA leader. Rain on Saturday forced the cancellation of Trump's helicopter trip to a different American cemetery in France .
The death toll in wildfires sweeping California has risen to 31, with more than 200 people still unaccounted, officials have said. Malibu residents clean up the road after the destruction of the Woolsey fire on Saturday. "Hopefully they weren't home".
That could be viewed as an indication the Fed could move more cautiously, with fewer than the expected three rate hikes next year. The Federal Open Market Committee, the governing board of the Fed , left the door open for another rate hike in December.
The Qatari mediator, Mohammed Al-Emadi, visited a protest camp in east Gaza City, where he was welcomed by Hamas officials. On Friday, the Israeli army shot dead a Palestinian and wounded 37 other on the border, Gaza medics said.
While Japanese users have access to the Japan-only site Niconico, YouTube has been nothing but a far-off dream for some time now. Nintendo Switch fans could be in for a big surprise this week, as a long-awaited feature finally makes it to the console.
With the DUP and hardline Brexiteers prepared to vote down any deal, the parliamentary arithmetic is looking increasingly hard . For him, the agreement which is outlined on the Brexit would be " a bad mistake ".
At Paramount Ranch, the Western Town that is frequently used in shows like Westworld has been burned to the ground. As Bachelor creator Mike Fleiss tweeted on Friday , "Pray for Malibu- and the #BachelorMansion".
But Fernandinho is also more than adept at launching City attacks and breaking forward to test the opposition in the final third. Mourinho said the France global - who scored twice at City last term - put his body on the line for the team in midweek.
Village Inn: Village Inn is honoring veterans and current military personnel with a free "V.I.B." breakfast Sunday, Nov. 11. Dessert options include: vanilla bean cheesecake, key lime pie, warm apple crostada, Chocolate Wave and Brownie Overboard.
The Tide harassed Mississippi State quarterback Nick Fitzgerald throughout the game, finishing with five sacks and three hurries. Left guard Deonte Brown went down with turf toe, which Saban said would be more of an issue for him concerning next week's game.
Nine dead, 35 missing in USA wildfire
The Chico Fire Department said: "Firefighters continue to actively engage the fire in order to protect life and property". However, The Associated Press reported that the entire city of Malibu was under mandatory evacuation.
Ford buys electric scooter sharing company Spin
Spin operates in 13 U.S. cities and campuses, but Ford plans to expand it to more than 100 over the next 18 months. By comparison, Madra said it took Uber three years to reach 3 million rides.
Carmelo Anthony's Time with Rockets Will 'Soon Be Ending'
He signed a one-year deal with the Rockets in the summer after he was traded from the Oklahoma City Thunder to the Atlanta Hawks . Anthony has struggled through his first 10 games as a Rocket, averaging 13.4 points per game on just over 40 per cent shooting.
California wildfires turn deadly as thousands evacuate homes
In response, California Highway Patrol shut down a four-mile stretch of the 101 Freeway from Las Virgenes Road to Kanan Road. That prompted residents to abandon their vehicles and run from the flames, carrying children and pets, officials said.
Cubs willing to trade Bryant
Bringing Kris Bryant to Atlanta is likely a pipe dream for a team unlikely to mortgage their future at the expense of one player. Bryant made almost $11 million last season and is likely to keep earning more as he nears free agency following the 2021 season.
Barcelona loses to Real Betis despite Messi's two goals
Victory for Espanyol against Sevilla later on Sunday could see them pull level with their city neighbours at the LaLiga summit. Junior Firpo struck for Betis on 21 minutes before Joaquin Sanchez doubled the lead before the break.