DUBAI: Prince Abdul Aziz bin Salman, the Saudi energy minister, has warned global oil markets against the “futility” of trying to second-guess the OPEC+ oil alliance’s next crucial move.
Speaking to other ministers and energy policymakers at a forum held virtually from Riyadh, he said that the world had to learn the lessons of last year’s dramatic gyrations in oil prices.
“One of these lessons is the futility of trying to predict what is around the corner, and the best we can do is to increase our preparedness and resilience, realizing that collective action is the best way to tackle the challenges ahead.
“And on the subject of predictability, this also applies to those who are trying to predict the next move of OPEC+. To…