Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said on Tuesday he would keep short sellers “ouching” and told them to “watch out”, days before a planned OPEC+ meeting to decide on future oil policy.
“Speculators, like in any market they are there to stay, I keep advising them that they will be ouching, they did ouch in April I don’t have to show my cards I’m not a poker player …but I would just tell them watch out,” he told the Qatar Economic Forum organised by Bloomberg.
Saudi Arabia, the world’s largest oil exporter, and other OPEC+ producers announced surprise voluntary cuts in April that lifted prices after a slump driven by concerns that a banking crisis could impact demand.
