OPEC and its allied oil-producing nations are nonetheless working effectively collectively and nonetheless have choices to attempt to rebalance world crude markets, Saudi Power Minister Prince Abdulaziz bin Salman mentioned Tuesday.
“We do talk with one another, we use each alternative to speak with one another,” he mentioned, chatting with reporters on the ICCUS convention within the Saudi capital of Riyadh.
“We didn’t run out of concepts, we’ve not misplaced our telephones and there are at all times good methods of speaking via convention calls and expertise may be very useful.”
His feedback got here amid hypothesis that there’s rigidity within the alliance, generally known as OPEC+, over whether or not to chop oil manufacturing additional. Costs proceed to be weighed on by ample provide and falling demand and, recently, fears surrounding the coronavirus and its affect on the worldwide economic system.
Prince Abdulaziz insisted that the producer international locations within the alliance talk and he was “assured of our partnership,” including that each producer was a “accountable”…