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OPEC+ To Exclude Politics From Decision-Making

OIL

OPEC+ aims to exclude politics from the decision-making, assessments, and forecasting, as OPEC+ decisions proved to be correct in terms of market and industry stability following the Ukraine crisis, Saudi energy minister Prince Abdulaziz bin Salman said.

  • “The market has been subject to some extreme shocks and if it were not for the proactive approach and the pre-emptive steps that OPEC+ adopted, these shocks would have created havoc in oil markets like what we saw in other energy markets even before the crisis,” the minister said.
  • It would not come as a surprise if the issue of missing barrels re-emerges in early-2023, keeping up with the same pattern of underestimating demand yet again in 2022, he added.
Energy BulletsCommodities
Energy BulletsCommodities

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