Tuesday, 30 April 2024

Energy Minister: OPEC+ is doing what it takes to ensure market ‎stability

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Energy Minister Prince Abdulaziz bin Salman said today, Friday, that the OPEC+ group is doing what is takes to ensure that oil markets are stable and sustainable.

This came in response to questions related to the recent decision by OPEC+ to reduce oil production by two million barrels per day.

The recent period witnessed wide international and Arab solidarity with the position of the OPEC + alliance and its policies aimed at maintaining the balance and stability of the oil markets.

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It is noteworthy that the OPEC+ group, which includes the Organization of Petroleum Exporting Countries (OPEC) and a number of major producers outside it, decided earlier this month to reduce oil production by two million barrels per day, starting from next November.

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