Prince Abdulaziz bin Salman, the Saudi Arabian minister of energy, stated emphatically that “OPEC + will remain a fundamental factor for the stability of the economy in the globe.”
Prince Abdulaziz bin Salman declared following the “OPEC +” summit in Vienna that “what we are doing is crucial for all oil exporters, including outside of OPEC +.”
“We are acting and making our commitment to the entire world economy, and we will continue to improve the production situation,” the Saudi Energy Minister continued.
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He continued, “The current OPEC + agreement extends until the end of 2023. ”
He explained, “The key to our success in the OPEC + meeting is cohesion and cohesion. ”
The countries of the “OPEC +” alliance decided, during their meeting today in Vienna, to significantly reduce production quotas, according to a member of the Iranian delegation, with the aim of supporting prices affected by fears of deflation.
The Organization of Petroleum Exporting Countries (OPEC13 )’s member states and its 10 allies decided to cut “two million” barrels per day for the month of November, according to Amir Hossein Zamania, the representative of Iran in the cartel, who spoke to reporters after the meeting.
Source: “AFP” and “Al-Ekhbariya.”
Saudi Arabia: “OPEC +” will continue to play a significant role in maintaining the stability of the world economy, and the existing agreement is in effect through the end of 2023.
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