In this market, who would be an oil minister?

SectorOil & Gas

It was clear that this year in the oil business was going to be anything but plane sailing when the price of US benchmark WTI dipped temporarily below zero, and OPEC+ — the alliance of OPEC member countries and 10 other producers led by Russia — agreed in April to make historic production cuts. The road toward balancing the markets may be bumpier than expected, and on Saturday oil was trading about 6 percent down on its August highs.The Joint Ministerial Monitoring Committee (JMMC), co-chaired by the Saudi and Russian energy ministers Prince Abdul Aziz bin Salman and Alexander Novak, will meet on Monday to discuss compliance of OPEC+ members with the current production cuts of 7.7 million barrels per day.According to S&P Global Platts, compliance in September was good: more...