Saudi Arabia may taper its oil supply cuts when prices reach $90-$100 a barrel, Gary Ross, CEO of Black Gold Investors and a veteran OPEC watcher, told the APPEC conference on Monday.
Saudi Arabia is widely expected to roll over a voluntary oil cut of 1 million barrels per day for a fourth consecutive month into October. Brent LCOc1 was trading above $88 on Monday.
Source: Reuters (Reporting by Muyu Xu; Editing by Jacqueline Wong)