Will OPEC+ Surprise The Market With Another Output Cut? ...Middle East

OILPRICE - Economy

Oil short sellers have been issued a warning: watch out for more “ouching”. Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, issued the threat earlier this week in his latest lashing out at oil’s short sellers. Saudi Arabia’s energy minister is arguably holding the reins of OPEC, which could decide to cut crude oil production again, sending prices soaring in what would surely be a painful outcome to many speculators and short sellers out there. “I keep advising them (referencing oil speculators) that…

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Last updated : 25 May 2023 clock 05:41 PM

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