Saudi Surprise Cut Signals OPEC+ Crisis

Saudi Surprise Cut Signals OPEC+ Crisis

OilPrice.com

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Following a suspense-filled weekend in Vienna, where OPEC oil ministers attempted to downplay media attention, global oil markets remain uncertain about the direction of oil prices. The recent "surprise" oil production cut announced by Saudi Arabia's Minister of Energy, Prince Abdelaziz bin Salman, has failed to restore confidence in the increasingly fragile OPEC+ alliance. Pressured by his own remarks and attempts to limit coverage by critical reporters, OPEC's leading member had no choice but to bear the burden of yet another production cut.…

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