Saudi energy minister says Opec+ cuts were needed to stabilise oil market

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

CALGARY: Saudi Arabia Energy Minister Prince Abdulaziz bin Salman on Monday (Sept 18) defended Opec+ cuts to oil market supply, saying international e...

CALGARY:

Speaking at the World Petroleum Congress here, Prince Abdulaziz said there was ongoing uncertainty about Chinese demand, European growth and central bank action to tackle inflation.“The jury’s still out. This is the fundamental issue – the jury’s still out.” Oil prices have been climbing in recent months amid the supply cuts, raising worries in big consumer nations, like the US, of economic damage.

Prince Abdulaziz took aim at IEA's role. “They have moved from being a forecaster and assessor of the market to one practicing political advocacy,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines