Welcome to Energy Daily, our guide to the energy and commodity markets that drive the global economy. Today, Senior Executive Editor Will Kennedy examines why Saudi Arabia and Russia extended their restrictions on oil production. To receive this newsletter directly in your inbox, you can subscribe here.
Prince Adbulaziz bin Salman, Saudi Arabia’s oil minister, often speaks of the virtues of surprising the market. warning short sellers who risk taking a “hit”, as he likes to say.