“We are the guardian of this industry. We have the responsibility of looking after the market, and we will take all necessary actions. I have said this repeatedly and even advised that no one should bet against our resolve, Those who have listened are now bearing the fruits; the others — good luck with their ouching.”
-Energy Minister Abdulaziz bin Salman discussing Saudi Arabia’s pledge to unilaterally cut 1 million barrels a day in February and March. [Bloomberg]
