Sunday, 20 April 2025

Saudi Energy Minister: The Kingdom is no longer the “weighted ‎producer”, but rather “OPEC +” plays this role

Prince Abdulaziz bin Salman, Minister of Energy, said that Saudi Arabia is no longer the “weighted producer”, but rather “OPEC +” that plays this role.

And according to Al-Arabiya, Prince Abdulaziz bin Salman stressed, during his speech at the eighth international symposium of OPEC in Vienna on energy transitions and their sustainability, to continue facing the challenges facing energy markets.

The Minister of Energy said that the data and reviews of the International Energy Agency lead to an imbalance in the market

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He explained that the reduction of Russian exports was a voluntary decision and was not imposed on them.

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