OPEC+ countries are making concerted efforts to sustain a healthy balance in the global oil market, stated UAE Energy Minister Suhail Al Mazroui during the ADIPEC oil and gas exhibition.
"OPEC+ is diligently working to maintain a healthy balance between supply and demand," he remarked.
Al Mazroui also emphasized that a significant aspect of OPEC and OPEC+'s market analysis revolves around China. He stated, "Every two months, we convene to evaluate developments in the Chinese market. China, as you are aware, plays a pivotal role in demand dynamics. Our decisions are founded on thorough analysis and a deep understanding of the prevailing conditions. These are not decisions made in isolation from the real-world context."
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Based on materials from TASS