Opec+ targeting volatility, not prices: Saudi Arabia

摘要

Opec+ is focused on reducing volatility and is “not doing anything” that relates to price targeting, according to Saudi Arabian oil minister Prince Abdulaziz bin Salman, who compares its conduct to that of a central bank. “We’re targeting less volatility, more sustainable markets, more predictable markets,” Prince Abdulaziz told the World Petroleum Congress in Calgary, after Saudi Arabia said it would extend its 1mn b/d supply cut until the end of this year.