Their third ministerial meeting of 2021, being held via videoconference, got underway around 1300 GMT.
“The reality remains that the global picture is far from even, and the recovery is far from complete,” he said as quoted in a statement from his ministry.Salman praised the OPEC+ alliance nations for more than fulfilling their commitments to restrain output. In addition, Saudi Arabia has volunteered to cut its own output by one million barrels per day to help avoid oversupplying a market suffering from a collapse in demand due to the coronavirus pandemic.
“The producer alliance is virtually guaranteed to extend current oil cuts into May,” according to Stephen Brennock of PVM, reflecting a widespread view among analysts.
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