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<Commodity>OPEC Denies Ever Claiming No Production Cuts May Lead Oil Prices to Drop to US$50
The Organization of the Petroleum Exporting Countries (OPEC) stated in an announcement issued on Wednesday that a Wall Street Journal report claiming the Saudi Arabian oil minister...
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<Commodity>OPEC Denies Ever Claiming No Production Cuts May Lead Oil Prices to Drop to US$50
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The Organization of the Petroleum Exporting Countries (OPEC) stated in an announcement issued on Wednesday that a Wall Street Journal report claiming the Saudi Arabian oil minister had said oil prices could fall to US$50 if the organization members do not adhere to output cuts was completely inaccurate and misleading.

OPEC strongly denied the claim, adding in a post on social platform X that the report was incorrect. In addition, the OPEC Secretariat emphasized that no such conference call took place last week, and no conference calls or video meetings have been held since the last OPEC+ meeting on September 5, stating that the report was entirely fabricated.
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