Reports have emerged that Saudi Arabian officials are now denying news originating from the Wall Street Journal that OPEC is considering a 500,000 barrel-per-day oil production increase. Earlier on Monday, the WSJ reported that OPEC+ was discussing a potential oil production increase, citing OPEC delegates. That news sent oil prices down by some 4% on the day. Less than two hours later, Bloomberg reported that Saudi officials had denied they were considering a production hike. Twitter also lit up, with Energy Intel’s Amena Bakr…
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