Saudi Arabia’s energy minister on Monday said that the kingdom will ve at 12 million barrels per days of capacity at the end of November, per Reuters. “We have time to review the details of OPEC+ deal if needed before the December meeting,” the minister added. These comments seem to be putting pressure on crude oil prices. As of writing, the barrel of West Texas Intermediate (WTI) was trading at a fresh daily low of $53.50, losing 2.3% on a daily basis. Below are some additional quotes from the minister. “Oil market is not stable yet. We see the volatility on the market.” “Saudi Arabia’s oil output in October was at 9.86 million barrels per day, same in November.” “We are continuing our voluntary cuts at approx 400,000 barrels per day.” “We hope that Nigeria, Gabon, South Sudan and Iraq will be fully compliant with OPEC+ deal in October.” “We are asking Nigeria to commit to the agreement.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next CFTC Positioning Report: EUR net shorts at multi-month highs FX Street 4 years Saudi Arabia's energy minister on Monday said that the kingdom will ve at 12 million barrels per days of capacity at the end of November, per Reuters. "We have time to review the details of OPEC+ deal if needed before the December meeting," the minister added. These comments seem to be putting pressure on crude oil prices. As of writing, the barrel of West Texas Intermediate (WTI) was trading at a fresh daily low of $53.50, losing 2.3% on a daily basis. Below are some additional quotes from the minister. "Oil market is not stable yet. We see the volatility… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
