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Saudi Arabia calls for restraint at OPEC+ meet as market recovery far from complete

OPEC+ oil producers have taken a cautious stance but the market’s recovery is far from complete, Saudi Arabia’s energy minister said on Thursday.

“Last month we called for a cautious and restrained approach and fortunately we were proved right by subsequent events,” Prince Abdulaziz bin Salman said as he opened an OPEC+ meeting.

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“The market now realizes that the OPEC+ cautious position was the correct course of action… The reality that remains (is the) global picture is far from even and the recovery is far from complete.”

Next articles US Energy Secretary makes phone call to Saudi Arabia ahead of OPEC+ meet

 

 

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