Saudi Arabia says no doubt about Opec+ commitment

Saudi Arabia says no doubt about Opec+ commitment

BloombergOil steadied as Saudi Arabia vowed that Opec and its partners will do what's necessary to balance the market. The Organisation of Petroleum Exporting Countries (Opec) will “nip negative trends in the bud” as uncertainty in the energy market persists, Saudi Oil Minister Prince Abdulaziz Bin Salman said at group's Joint Ministerial Monitoring Committee meeting. At the same time, the oil market is looking out for any signs that a stimulus deal can still be agreed in Washington ahead of the election while a resurgence in the pandemic threatens any recovery. “The continued price malaise has gotten their attention, and the other factor being the return of Libyan output,” John Kilduff, a partner at Again Capital LLC, said in reference to the Opec meeting. “They've got their hands full, and