Abdulaziz bin Salman: Opec+ alliance should maintain "cautious" stance until undeniable evidence of recovery

Economic Department
Post's author

The oil market recovery is far from complete, Saudi Arabia's oil minister Prince Abdulaziz bin Salman said today as Opec+ members gathered to decide their May crude production policy, Report informs, citing Argus Media.

Prince Abdulaziz said that although the market is on a "stable footing" and stocks are continuing to draw down, the Opec+ alliance should maintain this "cautious" stance "until the evidence of a recovery is undeniable".

Latest news

Media: Group of servicemen resign from army in Armenia 27 April, 2024 / 17:21
Azerbaijan boosts imports of decorative plants from Türkiye 27 April, 2024 / 17:18
Bitcoin price drops over 2% 27 April, 2024 / 17:14
Ruling party chairman says 'no plans' in Georgia to deviate from European path 27 April, 2024 / 17:01
Rwandan genocide 'was a French operation,' Rwandan diplomat says 27 April, 2024 / 16:49
Turkmenistan proposes to stimulate transit along Middle Corridor through port of Turkmenbashi 27 April, 2024 / 16:34
Azerbaijan permits privatization of satellite communication facilities in geostationary orbits 27 April, 2024 / 15:59
Next graduation ceremony for Marines Commando Basic Courses held 27 April, 2024 / 15:35
Azerbaijan endorses new investment agreement with ACWA Power 27 April, 2024 / 15:24
Mikayil Jabbarov, Samir Sharifov to represent Azerbaijan in Board of Directors of Turkic Investment Fund 27 April, 2024 / 15:05
Value of Azerbaijan’s sheep imports from Georgia plummets 27 April, 2024 / 14:49
Five, including two policemen, injured during brawl in Tavush, Armenia's investigative bodies say 27 April, 2024 / 14:25
Azerbaijan reduces tobacco imports from Türkiye 27 April, 2024 / 14:06
Kremlin supports continuation of contacts between Azerbaijan and Armenia, Peskov says 27 April, 2024 / 14:03
Italian Foreign Ministry to summon Russian Ambassador over decision on assets of Ariston Thermo Group 27 April, 2024 / 13:59