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Thursday, April 20, 2023

Saudi Prince Abdulaziz view on global oil marketsnote

Despite Saudi Arabia’s decision to cut production starting this May by 500,000 barrels per day (bpd), Aramco announced last week (10/4/2023) that it will continue to supply full contracted crude volumes to Asian buyers.

What does Saudi Energy Minister Prince Abdulaziz Bin Salman Bin Abdulaziz think about the recent OPEC+ cuts?

What is his view regarding global oil markets?

Why is Saudi Arabia keeping the oil supply as it is for Asian markets, and not for EU markets?

What does Prince Abdulaziz think about a potential U.S. response to the OPEC+ cuts?

Tactical Report has prepared 262-word report to answer these questions and more. 


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