<span style="color: #222222;">Saudi Arabia's energy minister  Khalid al-Falih has asked Oil producing countries to cut output by one million barrels per day to re-balance the market,following a drop in crude prices.</span><br />'' <br />'' <span style="color: #222222;">Addressing an energy conference in Abu Dhabi, Mr Falih said that there is a  need to reduce the output  by one million bpd to balance the market.</span><br />'' <br />'' <span style="color: #222222;">Falih said Saudi Arabia, the world's largest oil supplier, will cut its production by 500,000 bpd as of next month to help stabilise the market. </span><br />