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Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, declared that OPEC+ would keep politics out of decision-making in favor of the “common good” of stabilizing energy prices. The minister said the organization’s very existence is dependent on separating its mission to stabilize oil prices from other geopolitical factors. UAE Energy Minister Suhail Al Mazrouei added that the organization had continued to operate while constituent members were at war, without taking a side. “Our aim is to calm the market, trying to come up with volumes as much as possible, and if we are asking anyone to leave, then we are raising the prices,” he said.

Saudi energy minister says oil alliance OPEC+ will leave politics out of output decisions

Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, declared that OPEC+ would keep politics out of decision-making in favor of the “common good” of stabilizing energy prices. The minister said the organization’s very existence is dependent on separating its mission to stabilize oil prices from other geopolitical factors. UAE Energy Minister Suhail Al Mazrouei added that the organization had continued to operate while constituent members were at war, without taking a side. “Our aim is to calm the market, trying to come up with volumes as much as possible, and if we are asking anyone to leave, then we are raising the prices,” he said.

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