Saudi Arabia is slashing oil supply By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. …

ALBUQUERQUE, N.M. (AP) — More than 200 inactive oil and natural gas wells in New Mexico have been plugged as land managers have tried to crack down on producers as part of an accountability and enforcement program in one of the top producing states in the U.S., officials said Wednesday. The State Land Office estimates it has saved taxpayers at …