Saudi Arabia has said that even more production cuts could be on the horizon, after sealing a 9.7 million bpd production cut over the week from the OPEC+ group, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Monday . The G20 group also added to the production cuts. “We have to watch what is happening with demand destruction and demand improvement, depending on how things evolve,” Abdulaziz said, leaving the topic open for further action from the group. US President Donald Trump indicated today also suggested that additional cuts could be on the horizon, pointing out that 20 million bpd is closer to what OPEC had in mind for the production cuts. “Having been involved in the negotiations, to put it mildly, the number that OPEC+ is looking to cut is 20 Million Barrels a day, not the 10 Million that is generally being reported. If anything […]