“OPEC has been and continues to be taking a proactive role,” said Prince Abdulaziz bin Salman during the Abu Dhabi-sponsored ADIPEC energy conference, which is taking place virtually this year. “We’re keeping our flexibility in our hands," Prince Abdulaziz said, without committing specifically to how far into the future cuts of 7.7 million barrels of oil a day or more could go on for. The OPEC oil cartel, led by Saudi Arabia, and non-OPEC nations including Russia agreed in April to cut as much as 10 million barrels of crude a day, or a tenth of global supply, until July to keep oil prices from plunging amid lower demand for crude.