Adam had the news during the US session, and it's a biggie ICYMI:

A little more from Saudi Energy Minister Price Abdulaziz bin Salman (try saying that with a mouth full of M&Ms):

  • production cuts of 2.2 mn bbls/day agreed last week will only be withdrawn through a “phased-in” approach based on market conditions
  • “I honestly believe that the delivery of the 2.2 million will happen”

Oil price update:

oil price opec supply cuts 05 December 2023