Saudi Arabia continues to maintain energy market stability: minister

01/04/2021 Argaam


Prince Abdulaziz bin Salman, Saudi Minister of Energy

Saudi Arabia continues to maintain the stability of energy markets, energy minister Prince Abdulaziz bin Salman said.

 

The Kingdom will gradually increase its output by adding 250,000 bpd to production in May, another 350,000 bpd in June and then 400,000 bpd in July.
 

Saudi Aramco observed the terms of its contracts despite all cuts, he added.  

 

The next OPEC+ meeting will be held on April 28, Prince Salman added.

 

OPEC+ agreed to gradually raise its output for the period between May and July, amid global economic recovery.

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