Saudi Energy Minister Prince Abdulaziz bin Salman stressed that OPEC+ did not target specific prices or price ranges, but rather sought to support market stability and balance supply and demand for the benefit of the petroleum industry.
Prince Abdulaziz, who chairs the ministerial committee in the OPEC+ alliance, told an interview with Energy Intelligence, on Wednesday, that the decision to cut 100,000 barrels of oil per day until next October was “an expression of our willingness to use all of the tools in our kit.”
