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Saudi Arabia Hails New OPEC+ Output Capacity Mechanism as Group Holds Production Steady Amid Rising Geopolitical Tensions
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Saudi Arabia Hails New OPEC+ Output Capacity Mechanism as Group Holds Production Steady Amid Rising Geopolitical Tensions
Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, on Monday praised a newly adopted mechanism for assessing OPEC+ members’ maximum oil production capacity, saying the framework will strengthen market stability and reward countries that continue to invest in boosting output. OPEC+ on Sunday approved the mechanism, which will be used to calculate members’ baselines from […] The post Saudi Arabia Hails New OPEC+ Output Capacity Mechanism…
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