OPEC reiterates warning about disconnected oil market
OPEC said on Tuesday the oil market was in a “schizophrenic state” and increasingly disconnected with signs of strong crude demand, reiterating earlier suggestions it would act. move to support the price yes keep doing somersaults despite the reduction in the output of the cartel.
Comments, opinions echo comment made last month by the Minister of Energy of Saudi Arabia Prince Abdulaziz bin Salman. As Saudi Arabia is the group’s largest producer, comments from its officials have had a great influence on the group’s actions but this is the first time such comments have been made. on behalf of all 13 members.