Saudi energy min: OPEC+ cuts can 'absolutely' go beyond Q1

<ul><li>Sees signs of demand improvement</li></ul><p>Oil has caught a bid on these headlines. There is a sense in the market lately that OPEC has reached the limits of what it can accomplish and that there's the threat of a war for market share in 2024 if US production continues to grow.</p><p>“I honestly believe that 2.2 million will overcome even the usual inventory build that usually happens in the first quarter," he said.</p><p><a href="https://www.bloomberg.com/news/videos/2023-12-04/opec-cuts-will-be-delivered-saudi-energy-minister-says-video?sref=f2E6A62x" target="_blank" rel="nofollow">Here is the full interview.</a></p><p>In separate news, Russia's Putin will visit Saudi Arabia and the UAE this week.</p>

This article was written by Adam Button at www.forexlive.com.