Saudi Minister Says OPEC+ Could Cut Production At Any Time ...Middle East

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Saudi Minister Says OPEC+ Could Cut Production At Any Time
Citing “disconnect” in the oil futures market, Saudi Energy Minister Prince Abdulaziz bin Salman dangled the threat of potential OPEC+ production cuts that could come at any time.  In an interview with Bloomberg on Monday, the Saudi energy minister said that “extreme volatility” was “undermining the market’s essential function of efficient price discovery”, in turn rendering it impossible for physical users to manage the costs of hedging or navigate the inherent risk.  “This vicious circle…

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