Saudi Energy Minister: OPEC will do what is necessary to support the market

Saudi Energy Minister Prince Abdulaziz bin Salman said that oil cooperation between Russia and Saudi Arabia is still strong within the framework of the OPEC alliance, which will do everything necessary to support the market, and OPEC says it does not have a target price and seeks to The existence of a balanced oil market to meet the interests of consumers and producers alike. The United States, the largest oil producer outside OPEC, has repeatedly called on the organization to increase production to help the global economy and criticized Saudi cooperation with Russia after Moscow’s invasion of Ukraine. Prince Abdulaziz confirmed that OPEC will do whatever is necessary To support the market, Amin Nasser, president of energy giant Saudi Aramco, said he was optimistic about demand growth in the medium term as the Chinese economy and global jet fuel consumption are still recovering from a slump during the pandemic.