OPEC+ prepares for weekend meeting after Saudi warns speculators to ‘watch out’

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OPEC+ ministers will meet to determine their next oil production policy steps on June 4 in Vienna.
They face a market rattled by supply volatility, demand uncertainty and a prospective recession, which could throttle transport fuel consumption.
Public signals have been conflicting following Saudi energy minister Prince Abdulaziz bin Salman’s late-May warning that oil speculators could face further pain ahead.

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