Saudi Arabia is denying a Wall Street Journal report that it plans to increase oil production after the upcoming December 4th meeting of the OPEC+ countries. Energy Minister Prince Abdulaziz bin Salman said Monday through state news agency SPA, “The current cut of 2 million barrels per day by OPEC+ continues until the end of 2023.” The WSJ reported that OPEC+ plans to increase oil production by 500,000 barrels per day. The report comes just days after the Biden Administration granted Saudi Arabia’s Crown Prince Mohammed bin Salman immunity in the lawsuit filed against him for the murder of Washington Post journalist Jamal Khashoggi.
