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Thursday, June 01, 2023

Saudi Arabia-OPEC+: Further production cuts amid Russia’s opposition?note

Saudi Minister of Energy Prince Abdulaziz Bin Salman sent warning shots to short-sellers, telling them to “watch out” for the upcoming June 4 OPEC+ meeting. This pushed the market up by as much as 2%.

On a different note, Moscow appears to have broken the terms of the OPEC+ agreement and is not cutting oil output as promised, which has recently angered Riyadh.

Tactical Report has prepared a report (215 words) to shed light on the expectations from the upcoming June 4 OPEC+ meeting, including:

- Saudi plans for the upcoming OPEC+ meeting

- Prince Abdulaziz’s reaction to the Russian position 


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