Prince Mohammed bin Salman says ‘of course’ supports roll-over Heir to throne says Saudi Aramco IPO is ‘on track’ for 2018 Saudi Arabian Crown Prince Mohammed bin Salman backed the extension of OPEC production cuts beyond March 2018, making it all but certain the cartel and its allies will roll over the curbs at a meeting next month. The prince, who’s become the kingdom’s dominant political force, said in an interview with Bloomberg News that “of course” he wanted to extend the cuts into 2018. “We need to continue stabilizing the market,” he said. Until now, Saudi officials have signaled they favored prolonging the cuts, but stopped short of making a formal commitment, saying all options were still open. Oil erased losses on Prince Mohammed’s comments, with West Texas Intermediate crude little changed at $52.17 a barrel at 10:26 a.m. in London after having earlier dropped as much as […]