“We know for certain it’s uncertain…We have to be able to take measures to head off negative trends and developments — to nip them in the bud.”
-Prince Abdulaziz bin Salman, Saudi energy minister, in comments to the OPEC+ group on Monday. According to Bloomberg, the OPEC+ alliance warned of a “precarious” outlook as a resurgent coronavirus pandemic hurts oil demand, dropping further hints about a potential change of policy next month. [Bloomberg]
