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
