ICYMI: OPEC+ oil supply cuts can “absolutely” continue past Q12024 said Saudi oil minister

  • Saudi energy minister citing phased-in approach and market conditions.

Adam had the news during the US session, and it's a biggie ICYMI:

A little more from Saudi Energy Minister Price Abdulaziz bin Salman (try saying that with a mouth full of M&Ms):

  • production cuts of 2.2 mn bbls/day agreed last week will only be withdrawn through a “phased-in” approach based on market conditions
  • “I honestly believe that the delivery of the 2.2 million will happen”

Oil price update:

oil price opec supply cuts 05 December 2023

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