Aug. 25, 2022

Despite Biden visit, Saudi Arabia hints at oil production cuts

Peninsula/Energy

The story: Saudi Minister of Energy Abdulaziz bin Salman Al Saud has suggested that OPEC+ could cut oil production to “curb market volatility.” Other representatives of OPEC+ also support output cuts if Iranian crude fully returns to markets because of a possible revival of the 2015 Iran nuclear deal. The potential U-turn follows US President Joe Biden’s unfulfilled request for Saudi Arabia to step up production.

The coverage: The Saudi Press Agency (SPA) published the energy minister’s remarks on the current state of oil markets on Aug. 22...

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Amwaj.media
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فارسیPersian
فارسیPersian
عربيArabic
عربيArabic