Saudi Arabian Energy Minister: OPEC+ is flexible enough to change decisions whenever required

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, “OPEC+ is flexible enough to change decisions whenever required.”
Last week, Saudi Arabian Energy Minister said the current OPEC+ deal on oil output would be locked in until the end of the year, adding the oil group can't increase output based solely on initial signals.
Market reaction
WTI is keeping its upbeat momentum intact on the above comments, rallying 1.08% on the day to trade at $77.35, as of writing.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















