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On Tuesday, the Saudi energy minister Prince Abdulaziz bin Salman, announced that OPEC+ would responsibly react to the spread of the virus, ensuring that all its serious ramifications were being attended to. The minister also reiterated that Saudi Arabia and Russia would continue discussions over oil policy. At the same meeting UAE’s Energy Minister Suhail al-Mazrouei said that members would discuss and address the issue at the upcoming meeting. Aramco CEO Amin Nasser described the issue as ‘short term’ and suspected that a change in demand from China would materialize in the second part of the year.

OPEC+: Confident in Our Response to the Coronavirus

On Tuesday, the Saudi energy minister Prince Abdulaziz bin Salman, announced that OPEC+ would responsibly react to the spread of the virus, ensuring that all its serious ramifications were being attended to.

The minister also reiterated that Saudi Arabia and Russia would continue discussions over oil policy. At the same meeting UAE’s Energy Minister Suhail al-Mazrouei said that members would discuss and address the issue at the upcoming meeting.

Aramco CEO Amin Nasser described the issue as ‘short term’ and suspected that a change in demand from China would materialize in the second part of the year.

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