Reported 11 months ago
At the St Petersburg International Economic Forum, OPEC+ ministers rejected oil's negative response to their gradual crude production boost scheduled for October, asserting market stability is their priority. Saudi Energy Minister Prince Abdulaziz bin Salman defended the recent agreement, reminding that the group can adjust production if needed. The ministers from major oil-producing countries dismissed doubts about the accord's success, anticipating market understanding and recovery soon. Oil demand reportedly remains strong, with global consumption rising. The article emphasizes the alliance's commitment to market stability and ability to adapt swiftly to changes.
Source: YAHOO