It comes shortly after OPEC and non-OPEC allies agreed to extend their deepest round of production cuts in history.
"We have no room whatsoever for lack of conformity," Saudi Energy Minister Prince Abdulaziz bin Salman said during a virtual press conference on Monday.
International benchmark Brent crude futures traded at $42.07 a barrel on Monday afternoon, down around 0.6%, while U.S. West Texas Intermediate futures stood at $38.98, over 1.3% lower. "We have no room whatsoever for lack of conformity," Saudi Energy Minister Prince Abdulaziz bin Salman said during a virtual press conference on Monday.
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