OPEC+ Considers Output Cuts Amidst Uncertainty in Oil Market
TL;DR Summary
OPEC+ is rumored to be discussing an additional output cut of around 1 million barrels at its meeting on June 4, causing oil prices to increase. While the general sentiment has been that the group will keep the status quo as far as production targets are concerned, Saudi Arabia's Energy Minister has made threats against oil speculators, saying that shorters will be "ouching". The OPEC meeting will begin at 1 pm Vienna time tomorrow, with OPEC+ meeting on Sunday.
- OPEC Discussing 1 Million Bpd Output Cut OilPrice.com
- Russia cut oil production 'but not as much as they say they have', says S&P Global's Daniel Yergin CNBC Television
- OPEC+ prepares for weekend meeting after Saudi warns speculators to 'watch out' CNBC
- OPEC+ meeting: Will there be more cuts?, here's what to expect and what it means for oil Yahoo Finance
- OPEC Plus May Consider Cuts in Oil Production The New York Times
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