The OPEC+ alliance bases its decisions on oil market fundamentals, not on political bias, the energy minister of OPEC’s de facto leader, Saudi Arabia, said on Monday, reiterating previous comments from OPEC+ that it is looking at the markets when agreeing on oil production levels. The decisions of the OPEC+ alliance, which is led by Saudi Arabia and Russia, are not politicized, Saudi Energy Minister Prince Abdulaziz bin Salman said at an event in Riyadh today, as carried by Reuters.
OPEC+ is flexible enough to adjust its production quotas…Saudi Arabia Reiterates That OPEC+ Decisions Are Not Political
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