Home / Sustainability / Energy / OPEC to maintain balanced policy, say Saudis
The conflict over oil prices between Saudi Arabia and Russia is still headline news

OPEC to maintain balanced policy, say Saudis

Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be “well balanced” this year.

“This year, we have seen the implementation of the OPEC Plus decision. It is possible to extend the cut until the end of the year depending on market conditions,” al-Muhanna told an oil summit in Paris.

The OPEC+ group agreed last year to cut production, partly in response to increased U.S. shale output.

Source: Reuters

Total Page Visits: 45 - Today Page Visits: 1

Check Also

Turkey planning to scratch women’s treaty commitments

President Tayyip Erdogan’s AK Party is considering whether to pull Turkey out of an international …

Leave a Reply

Your email address will not be published. Required fields are marked *