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OPEC+ Oil Production Cuts Can Continue Past March If Needed, Saudi Prince Says - Bloomberg

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Saudi Prince Abdulaziz Bin Salman Says OPEC+ Oil Supply Cuts Can Persist Past Q1 - Bloomberg

OPEC+ Oil Production Cuts Can Continue Past March If Needed, Saudi Prince Says

- Curbs only phased out after consideration of market conditions
- Prince trusts Moscow, Abu Dhabi are fulfilling their pledges

The OPEC+ oil production cuts can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman said, as he pledged the curbs would be delivered in full.

The supply reductions announced last week of more than 2 million barrels a day — about half of which are coming from Saudi Arabia — will only be withdrawn after consideration of market conditions and using a “phased-in approach,” he said.

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OPEC+ Oil Production Cuts Can Continue Past March If Needed, Saudi Prince Says

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