An urgent statement from the Minister of Energy regarding reports circulating about the Kingdom’s discussion with OPEC Plus producers, increasing production by 500 thousand barrels per day

Al-Marsad newspaper – SPA: Saudi Energy Minister Prince Abdulaziz bin Salman has categorically denied recent reports that the kingdom is currently discussing with other OPEC+ producers an increase in production by 500,000 barrels per day.

He added that it is known, and it is no secret to anyone, that OPEC + does not discuss any decisions before its meetings. Note that the current cut of two million barrels per day by OPEC + will continue until the end of 2023 AD, and if there is a need to take further measures to reduce production to restore balance between supply and demand, we are always ready to intervene.