OPEC will continue producing less crude oil than it could until at least June as April, when OPEC+ meets, would be too early to end the cuts, Saudi Arabia’s Energy Minister Khalid al-Falih said after a meeting with his Indian counterpart, as quoted by Reuters. “We will see what happens by April, if there is any unforeseen disruption somewhere else, but barring this I think we will just be kicking the can forward,” Al-Falih said, adding “We will see where the market is by June and adjust appropriately.” According to the Saudi official, demand for crude will remain healthy this year, driven mainly by the United States and China. However, the former is becoming increasingly self-sufficient in oil, which might interfere with expectations for strong demand from that particular direction. Yet Al-Falih is optimistic. “If you look at Venezuela alone you would panic, if you look at the U.S. […]