Jinshi Data, June 6th, Saudi Energy Minister Abdulaziz bin Salman said that OPEC+ has not changed its policy of pursuing a larger global market share and still puts market stability first. He said at the St. Petersburg International Economic Forum on Thursday that for this reason, OPEC+ has reserved the option to suspend or even reverse the plan to gradually restore some voluntary production cuts announced last weekend. Russian Deputy Prime Minister Novak said at the same event that the group can respond quickly to any changes in the market. OPEC and its allies agreed last Sunday to gradually restore voluntary production cuts of about 2 million barrels per day starting in October. Since then, London crude oil prices have fallen by more than 3%, breaking below $80 per barrel, and analysts have questioned whether the market can absorb these additional supplies.

During a phone call on the 22nd local time, Saudi Crown Prince and Prime Minister Mohammed bin Salman spoke with French President Emmanuel Macron. During the conversation, both sides reviewed bilateral relations and cooperation in multiple fields, and exchanged views on regional and international issues, especially the latest developments in the Gaza situation. Both sides discussed how to strengthen efforts and international communication to stop the escalation of conflicts, and provide sufficient humanitarian assistance.

The People's Bank of China, as the head of the financial times, said that in the future, the focus of macro policies should shift from increasing supply to improving consumer demand and promoting supply-demand balance. "The People's Bank of China can adjust the 'total gate' of monetary supply, but for the flow of funds such as deposits and loans, it mainly depends on the needs of different types of borrowers, and requires the cooperation of fiscal and other policies." Wen Bin, Chief Economist of Minsheng Bank, said that considering the current monetary stock is not low, in addition to guiding credit to grow reasonably and balanced investment, efforts should be made to activate the stock of financial resources, avoid idle funds, improve the efficiency of credit resource output, and promote the accelerated development of direct financing, guide the transformation and upgrading of financing structure and economic structure to be more compatible, and focus on achieving reasonable growth in quantity and effective improvement in quality to meet the needs of high-quality economic development.