Tag: Abdulaziz bin Salman

• Tuesday, February 22nd 2022 - 09:57 UTC

  Middle East OPEC members with no plans to increase output: “caution” is the name of the game

  

  As crude prices steadily climb to US$ 100 a barrel, Middle Eastern OPEC producers have no plans to increase production beyond their OPEC+ quotas, a gathering of ministers this weekend has made clear. The energy minister of the biggest oil producer in the cartel, Saudi Arabia, said that the pandemic had taught oil-producing nations one thing, and that was caution, writes Irina Slav for oilprice.com.