Prince Abdulaziz bin Salman Al Saud, Saudi Minister of


OPEC is an independent company and deals with no external interventions in its choices, Al Arabiya television reported, mentioning Prince Abdulaziz bin Salman Al Saud, Saudi Minister of Energy.

On the sidelines of his see to Azerbaijan, he worried that the company acts properly and very carefully.

OPEC prospered in offering the oil market with the needed materials, the minister stated.

Touching on the regular monthly boosts in oil production, he stated this depends upon the company’s examination of the marketplace conditions.

OPEC has numerous tools to handle the marketplace because of its variables, the minister stated, applauding the record compliance rate of oil production levels attained by the company.

OPEC authorized, Jan. 4, to keep its oil output policy for the upcoming month, therefore continuing to challenge the calls for speeding up the speed of supply boosts.

The alliance stated in a declaration that the 24 th ministerial conference of OPEC member states and non-members repeated their dedication to the strategy of raising output by 400,000 barrel daily (bpd) in February 2022, Argaam previously reported.