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Saudi energy minister warns oil market gamblers will be hurt 'like hell' | Malay Mail

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MOSCOW, Sept 18 — The Saudi Energy Minister warned traders yesterday against betting heavily in the oil market saying he will try to make the market “jumpy” and promised those who gamble on the oil price would be hurt “like hell.” The comments by Prince Abdulaziz bin Salman, Opec's most...

Friday, 18 Sep 2020 07:00 AM MYT

The comments by Prince Abdulaziz bin Salman, Opec's most influential minister, came after a virtual meeting of a key panel of Opec and allies, led by Russia, known as Opec+. Yesterday, Opec+'s key panel, known as the joint ministerial monitoring committee, pressed for better compliance with oil output cuts against the backdrop of falling crude prices as uncertainty reigns over the global economic outlook.

 

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