Opec+ won’t change its strategy: minister

Web Desk BOL News

26th Oct, 2021. 10:39 am

Opec+ will not change its strategy and isn’t obliged to resolve a problem it did not create, Arab News reported, citing the Saudi energy minister.

Prince Abdulaziz bin Salman stressed that there must be a regulator for the market, in an interview with Asharq.

The intergovernmental organisation is raising daily oil production by 400,000 barrels/month and has been under pressure from countries, including the US, to increase the supply after cuts last year due to the pandemic.