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Saudi Arabia may taper supply cuts when oil reaches $90-$100 – Black Gold’s Ross

Monday, 04 September 2023 | 20:00

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)

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