9/17, 6:36 PM (Source: TeleTrader)
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Saudi minister: People shouldn't bet against OPEC+

Saudi Energy Minister Abdulaziz bin Salman Al Saud (pictured) stated on Thursday that Riyadh showed "full compliance" to the Organization of the Petroleum Exporting Countries (OPEC) and its allies' production cuts.

The official warned oil speculators not to bet against the OPEC, claiming that "attempts to outsmart the market will not succeed and are counterproductive when we have the eyes, and the technology, of the world upon us."

Oil exports will evolve as local consumption drops, he added.

Breaking the News / MD