Saudis Scold OPEC+ Laggards For Trying To “Outsmart The Market”

The OPEC+ group will allow non-compliant members to take until the end of the year to compensate for their overproduction, Saudi Arabia’s Prince Abdulaziz bin Salman said on Thursday as he slammed laggards in compliance for trying to “outsmart the market.” OPEC+ had given laggards in compliance, such as Iraq and Nigeria, until the end of September to cut more production on top of their share of the cuts to make up for what they overproduced in May, June, and July. Iraq has signaled that it could ask the OPEC+ panel to…