Commodities
Saudi Oil Minister Says OPEC+ Is Tackling Market ‘Uncertainties’
The Port Control Center at Saudi Aramco’s Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia.
Photographer: Simon Dawson/Bloomberg
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Saudi Arabia and its OPEC+ allies are trying to combat “uncertainties and sentiment” in the oil market as the group looks to tackle short sellers, its energy minister said Sunday.
“I think the physical market is telling us something, and the futures market is telling us something else,” Prince Abdulaziz bin Salman told the Arab, China Business Forum in Riyadh, the capital. “That’s why we keep taking these precautionary measures.”