Hedge fund boss Pierre Andurand has said that OPEC+ may make deeper oil production cuts after surprising growth in US supply.

Pierre Andurand, hedge fund manager, has been quoted as saying that the better-than-expected supply of crude oil has led to the price slump.

Oil trader Pierre Andurand predicts Saudi Arabia will maintain supply curbs until oil prices hit at least $110 per barrel.

According to Pierre Andurand, Europe has successfully reduced its reliance on Russian natural gas.