Saudi Arabia has a 1 million b/d question to answer. The OPEC kingpin has been cutting its crude production by that much below its official quota the last two months, bolstering oil prices against the unsteady pandemic prognosis. Now as OPEC and its allies prepare to meet April 1 to decide on May output levels, the market awaits word from Saudi energy minister Prince Abdulaziz bin Salman on when the kingdom will begin easing its production restraint. Early indications are that it may not be soon. Faltering oil prices in recent days after a weekslong surge to around $70/b have many analysts forecasting that the so-called OPEC+ group may […]