Oman's oil minister on the wires
- OPEC+ discussing production cuts only for 3-6 months
It sure looks like someone is desperate for prices to go up again. But then, mentioning that the cuts are only to last for a couple of months surely won't appease markets as that is very much the bare minimum if you're looking for production cuts tomorrow.
Anyway, what was it again about OPEC and not talking about specific oil prices? Right, they're not supposed to mention it. When prices fall far enough, you definitely knew someone would break that streak. Pfft.