Saudi Energy Minister Prince Abdulaziz bin Salman said, on Tuesday, that the Kingdom “will not sell oil to any country that imposes a price ceiling on our supplies,” stressing the commitment of “OPEC +” to the decision to reduce production by about 2 million barrels during the current year.
Prince Abdulaziz bin Salman said in an interview with the Energy Intelligence website, which was reported by the Saudi Press Agency, SPA: “If a price cap is imposed on Saudi oil exports, we will not sell to any country that imposes a price cap on our supplies, and we will reduce oil production, and I will not be surprised if Other countries have done the same.”
And about the possibility that “OPEC +” will change its decision to reduce production by 2 million barrels per day until the end of 2023, the Saudi Energy Minister said, “There are many factors that affect market trends, and estimates indicate that the global economy will continue to grow this year and next.” “.
However, he expressed uncertainty about the pace of growth, pointing out that “China has recently begun the recovery phase after prolonged closures due to the Corona virus pandemic, but the period required for recovery is still unclear.”
