“We are still dealing with uncertainty related with the virus and its impact…The will is there, and the structure is there….Flexibility and pragmatism will enable us to continue do more if we have to. We have to watch what’s happening with demand destruction or demand improvement, depending on how things evolve.”
-Prince Abdulaziz bin Salman, on a conference call with reporters on Monday. Saudi Arabia is ready to cut oil production further if needed when the OPEC+ alliance meets again in June, the Prince said. [bloomberg.com]
