The meltdown for oil prices came to a halt, at least temporarily, after Saudi Arabia signaled that the OPEC+ production cuts would be sticking around for a little while longer. “We will do what is needed to sustain market stability beyond June. To me, that means drawing down inventories from their currently elevated levels,” Saudi energy minister Khalid al-Falih said, according to Arab News . He said that Saudi Arabia would “do what is needed” to maintain stability. Oil prices have plunged by more than 13 percent in the last two weeks, a decline that al-Falih said was “unwarranted.” He added that there was an “emerging consensus among OPEC+ countries, to continue their work towards market stability in the second half of the year.” When asked about the escalating U.S.-China trade war, as well as the prospect of yet another trade war between the U.S. and Mexico, and the […]