Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed production cuts.

OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if OPEC+ members do not stick to agreed-upon production limits.

Saudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. Prince Abdulaziz bin Salman's forecast, made during a conference call last week,

OPEC has rejected claims made by The Wall Street Journal that Saudi Arabia's Energy Minister, Abdulaziz bin Salman Al-Saud, warned OPEC+ members that oil prices could fall to $50 per barrel if the alliance's agreements are not adhered to,

Saudi Arabias oil minister has issued a warning that oil prices could fall to $50 a barrel if certain OPEC+ members continue to exceed their agreed production limits, as reported by delegates referenced in The Wall

Crude oil futures ended with small gains. Saudi Arabia oil minister reportedly warned OPEC members that oil could drop to $50/bbl if cheaters failed to comply with agreed production cuts.

The Saudi energy minister warned that oil prices could drop to $50 per barrel if OPEC members continue to exceed their agreed-upon production limits. According to The Wall Street Journal, other OPEC members interpreted this as a veiled threat to initiate a price war.

The Saudi Energy Minister has warned that oil prices could fall to £40 per barrel if OPEC members continue to exceed their agreed production limits. According to The Wall Street Journal, other OPEC members saw these statements as a veiled threat to initiate a price war.