News from Al-Madinah: Prince Abdulaziz bin Salman, the energy minister for Saudi Arabia, stated today, Friday, that the OPEC+ Group is taking the necessary steps to ensure that the oil markets are secure and long-lasting.
According to Reuters, this was said in response to inquiries regarding the recent decision by OPEC+ to cut back on oil output by two million barrels per day.
Recent times have seen widespread international and Arab support for the OPEC+ coalition’s stance and its policies intended to preserve the equilibrium and stability of the oil markets.
It is interesting that the OPEC+Group, which consists of OPEC and a number of significant outside producers, resolved earlier this month to cut oil output by two million barrels per day beginning in November.
Arabic.
The Saudi Energy Minister says OPEC and its allies are working to create a secure and sustainable market.
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