cutting oil

American  

noun

1. a specially prepared oil used as a cutting fluid.

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Etymology

Origin of cutting oil

First recorded in 1915–20

Example Sentences

Jim Reid, global head of macro research and thematic strategy at Deutsche Bank, noted that investors will be “keenly watching” for signs that exports via the Strait of Hormuz can increase from the mostly suspended levels, especially as on Monday, Saudi Arabia joined the United Arab Emirates and Kuwait in cutting oil production.

From MarketWatch

“Investors will be keenly watching for any signs that shipping via the Strait of Hormuz can pick up from the current all but suspended levels, not least as yesterday Saudi Arabia became the latest country to start cutting oil production,” Reid added.

From MarketWatch

Oil prices surged above $100 a barrel on Monday to levels not seen since 2022 as the Iran conflict showed no signs of de-escalating, and more major oil producers began cutting oil output.

From MarketWatch

Cutting oil and gas production would be "dangerous and irresponsible", the head of energy company Shell told BBC News.

From BBC

OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia which pumps around 40% of the world's crude, has been cutting oil output since November in the face of flagging prices.

From Reuters