OPEC+ Will React Faster, Be More Hands-On With Oil Market
- Russian, Saudi officials meet in Riyadh amid volatile market
- Iran’s oil minister due in Moscow after flagging output boost
This article is for subscribers only.
OPEC+ will react faster to changes and take a more hands-on approach with the oil market, thanks to its accelerated schedule of monthly meetings, according to Russia and Saudi Arabia, the group’s leaders.
More frequent OPEC+ conferences mean policy makers in oil-producing countries will drive the market in the coming months, not speculators, said Saudi Energy Minister Prince Abdulaziz bin Salman. He spoke to reporters after talks in Riyadh on Saturday with Russian Deputy Prime Minister Alexander Novak.